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

1945–50 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Cultural Dictionary

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.
Cite This Source
Example sentences
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.
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