In the United States, the Bureau of Labor Statistics computes the consumer price index which is used to find inflation rates. The bureau states that the consumer price index âis a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.â.
The earth ulis called a blue planet because of the presence of abundance of water in it. About 70 percent of the earth's crust is covered with water. And this imparts it with a blue colour as seen from the space.
Water is a basic necessity of life. Since 2/3 of the Earth is covered by water, the Earth is also called the blue planet and the watery planet. Hydrosphere plays an important role in the existence of the atmosphere in its present form. Oceans are important in this regard.