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consumer price index

an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.
Abbreviation: CPI.
Also called cost-of-living index.
1945-50 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for consumer price index
  • It takes more than some sort of consumer price index and unemployment figures to determine that.
  • Finally, the economy confronts as increase in the consumer price index.
  • We've adjusted all figures for inflation, using the consumer price index.
  • The inflation controversy swirls around the consumer price index, the government's main gauge of inflation.
  • Changing the homeowner-ship component of the consumer price index to rental equivalence.
consumer price index in Culture

consumer price index definition

An index published by the government each month of prices for a representative sample of goods and services. The consumer price index was formerly known as the cost-of-living index.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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