Consumer Price Index (CPI)
cost-of-living index, (Economics) comparison of the price of basic goods and services during a specific period versus the price of those goods and services during a base period (used as a measure of the inflation rate)
Consumer price index
A consumer price index (CPI) is an
index number measuring the average price of consumer goods and services purchased by households. It is one of several
price indices calculated by national statistical agencies. The percent change in the CPI is a measure of
inflation. The CPI can be used to index (i.e., adjust for the effects of inflation) wages, salaries, pensions, or regulated or contracted prices. The CPI is, along with the population
census and the
National Income and Product Accounts, one of the most closely watched national economic statistics.
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consumer price index
Noun
1. an index of the cost of all goods and services to a typical consumer
(synonym) CPI, cost-of-living index
(hypernym) price index, price level
Consumer Price Index
The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of U.S.
inflation. The U.S.Department of Labor publishes the CPI very month.
consumer price index (CPI)
A measure of changes over time in prices of consumption goods and services acquired or used by households.
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