consumer price index

American  

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. CPI

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consumer price index Cultural  

1. 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.

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Etymology

Origin of consumer price index

First recorded in 1945–50

Example Sentences

“Inflation as measured by the overall CPI has slowed to an average 2.5% pace,” she said, referring to the consumer price index.

From Salon

While price growth has decelerated sharply since June 22, when it peaked at an annual rate of 9%, inflation measured 3% in September, based on the consumer price index.

From Barron's

The Bureau of Labor Statistics releases the consumer price index for November.

From Barron's

As a result, the BLS is not expected to show the percentage change in the consumer price index in November since there is no October figure to compare it to.

From MarketWatch

If this week’s data, which includes October and November jobs data as well as November’s consumer price index, can increase those odds then digital assets may get a boost ahead of the holiday season.

From Barron's

Related Words

• price index
• retail price index