consumer price index

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Related to consumer price indices: retail price index

consumer price index

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.

consum′er price′ in`dex


n.
an index of the change in the cost of common goods and services paid by a typical consumer, expressed as the percentage change in the total cost of these same items over a previous base period. Abbr.: CPI
[1945–50]

consumer price index

A measurement of how much money can buy in terms of a selection of goods and services typically consumed by the average household. If there has been inflation a dollar will buy less than it did previously.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.consumer price index - an index of the cost of all goods and services to a typical consumer
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
References in periodicals archive ?
The bulletin reviewed the index of consumer price indices in the
Existing consumer price indices do not "reflect the true picture of price behaviour in the country" as they do not embrace all parts of the population, India's chief statistician T.
BMI analyses pharmaceutical consumer price indices across 40 countries, identifying historic and likely future trends in pricing policies and dynamics.

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