consumer price index

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n. Abbr. CPI

An index of prices used to measure the change in the cost of basic goods and services in comparison with a fixed base period. Also called cost-of-living index.

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Noun

consumer price index - an index of the cost of all goods and services to a typical consumer

cost-of-living index, CPI

price index, price level - an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time

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