Definitions
There is 1 meaning of the phrase
Consumer Price Index.
Consumer Price Index - as a noun
An index of the cost of all goods and services to a typical consumer
Synonyms (Exact Relations)
cost-of-living indexcpiExample Sentences
"The consumer price index measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services."
"The consumer price index is used as an economic indicator of inflation."
"The government uses the consumer price index to adjust social security payments and other benefits."
"The consumer price index is calculated by comparing the price of the market basket of goods in different time periods."
"According to the consumer price index, inflation has been relatively low in recent years."
