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
- Formerly cost-of-living index .
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use consumer price index in a sentence
The price of the basket’s contents are factored into a consumer price index, which helps measure inflation.What 12 countries’ measures of inflation tell us about their culture | Samanth Subramanian | July 15, 2021 | Quartz
Other snapshots of the consumer price index show how spending habits are changing as people resume their pre-pandemic spending habits.
The consumer price index released earlier this month is based on a survey of what households buy, while the figures released Friday are based on surveys of what businesses are selling.Prices up 3.6 percent annually in April, reflecting upward trend, but policymakers say it’s temporary | Rachel Siegel, Andrew Van Dam | May 28, 2021 | Washington Post
Both the producer price index and the consumer price index for March showed upward price pressure beginning to materialize, Speakman wrote.
Services make up about 60% of the overall consumer price index and 75% of the core measure, which excludes food and energy.Investors are pricing in inflation for 2021. Here’s why it’s likely to be a mirage | Lee Clifford | December 7, 2020 | Fortune
Gathering information about local goods for sale in order to develop a targeted consumer price index (CPI).
Index Social Security benefits to the so-called "chained" consumer price index.
Over the past 12 months, the consumer price index (CPI) has risen a scant 1.4 percent.
The first is “headline” CPI, which is the entire consumer price index—i.e., all goods and services including food and energy.
The Bureau of Labor Statistics reported Wednesday that the consumer price index was unchanged in July.
Cultural definitions for consumer price 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.