Why is cpi still the most popular and widely quoted measure, Macroeconomics

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Why is cpi still the most popular and widely quoted measure

Problem

If economists generally agree that fixed-weight price indexes overstate the actual rate of inflation, why is the CPI still the most popular and widely quoted measure of inflation?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why is cpi still the most popular and widely quoted measure

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Macroeconomics: Why is cpi still the most popular and widely quoted measure

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