Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
Best Answer: For the day to day consumer, it means prices for things go up. But, if the CPI is rising quicker than people average wages, then the consumer's purchasing power declines. They can't buy as much as whatever it is as they did in the past. CPI is essentially a measure of inflation; the inflation of a specific basket of goods.