The consumer price index or CPI is a more direct measure than per capita GDP of the standard of living in a country. It is based on the overall cost of a fixed basket of goods and services bought by a typical consumer, relative to price of the same basket in some base year.hile the CPI is a convenient way to compute the cost of living and the relative price level across time, because it is based on a fixed basket of goods, it does not provide a completely accurate estimate of the cost of living.
The average hospital charge for a total knee replacement (TKR) in the United States is $49,500. A partial knee replacement (PKR) typically costs about 10 to 20 percent less than a TKR. The main reason is that the operation requires a shorter hospital stay.For example: an average of 2.3 days, compared to 3.4 days.Keep in mind that hospital charges donât reflect the amount you pay out of pocket.he cost of a knee replacement can vary substantially, even within the same geographical area. The final hospital charge depends on many factors, including: 1  number of days spent in the hospital: This will vary depending on the type of knee replacement you have (total, partial, or bilateral).
Knee replacement surgery is a procedure that involves restoring the weight bearing front of the knee joint that is damaged, worn out, or diseased to relieve pain and movement disability. Approximate price list: Bilateral Knee replacement Cost in India is $8,400.