consumer price index

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Related to consumer price indexes: CPI-U

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 ?
Consumer Price Indexes in August 2018 by major groups KUWAIT, Sept 20 (KUNA) -- Basic consumer prices (inflation) rose by 0.89 percent in August compared to the same month last year, the monthly report of the Central Statistical Bureau showed.
Find out more in "Consumer Price Indexes, July 2002," news release USDL 02-480.
Indeed, among the data reported in the early part of 1989 were very large increases in the producer and consumer price indexes, reflecting not only the effects of run-ups in oil and agricultural commodity prices, but also broader inflationary developments, including unfavorable trends in unit labor costs over the preceding year.

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