Cost-of-living index

The cost of living is the cost of maintaining a certain standard of living over time. A cost-of-living index, such as the United States Consumer Price Index is a price index that conceptually measures relative cost of living. Such indexes are constructed to have a value of 100 in a given year (or period, or place), the base. Other values of the Consumer Price Index are relative to the base year. An index value of 110 indicates that the cost of living is ten percent higher than in the base year. Thus, the index provides a unit-free measure of the change in the cost of living. Cost-of-living indexes are also available that allow for substitution among items as relative prices change.
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Noun
1. an index of the cost of all goods and services to a typical consumer
(synonym) consumer price index, CPI
(hypernym) price index, price level

INDICE DEL COSTO DELLA VITA

Eng: cost-of-living index
Urdu: اشاریہ مصارفِ زندگی ۔ وہ اشاریہ جو صارفوں کی خریدی ہوئی اشیاۓ ضروری کی میزانی اوسط قیمت بتاتا ہے تا کہ روپیہ کی قوت خرید میں تبدیلی کے پیش نظر اُجرتیں مقرّر کی جا سکیں ۔