consumer price index


noun

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

Nearby words

  1. consumer advocate,
  2. consumer credit,
  3. consumer durable,
  4. consumer goods,
  5. consumer packaged goods,
  6. consumer product safety commission,
  7. consumer strike,
  8. consumer terrorism,
  9. consumerism,
  10. consumerist

Origin of consumer price index

First recorded in 1945–50


Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


Culture definitions for consumer price index

consumer price index

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 New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.