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cost-of-living index

noun
1.
a former term for consumer price index.
Origin
1910-1915
1910-15
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for cost-of-living index
  • Earnings used for benefit calculations are adjusted according to changes in the cost-of-living index.
  • Therefore, a state equalization formula must include some form of cost-of-living index.
  • The new index more closely approximates a cost-of-living index by reflecting consumer responses to changes in relative prices.

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