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consumer price index

noun
1.
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.
Origin
1945-1950
1945-50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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consumer price indices 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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