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Longman Dictionary of Contemporary English
consumer price index
noun
EXAMPLES FROM CORPUS
▪ Import prices rise and since imports are a large fraction of consumption, the consumer price index rises right along with imports.
▪ Inflation, if you assume the consumer price index is overstated, is barely measurable.
▪ Salaries are rising barely as fast as the consumer price index, meaning most families do not have more buying power.
▪ The consumer price index would have come a day later.
▪ The government will report its December consumer price index on Feb. 1.
▪ Tomorrow's consumer price index for December may provide more definitive clues to the Fed's interest rate strategy.
▪ Well, the consumer price index rose just 1 percent in January, the Labor Department reported Wednesday.
The Collaborative International Dictionary
consumer price index

consumer price index \consumer price index\ n. An index of the cost of all goods and services to a typical consumer, calculated and published by the United States Bureau of Labor Statistics; abbreviated CPI, and usually referred to by that acronym. The Bureau maintains several indices for different groups of consumers, but the most commonly referred to is the index for ``All urban consumers'', called the CPI-U. The increase of this value each year is one measure of monetary inflation.

Syn: CPI, cost-of-living index.

Wiktionary
consumer price index

n. (context economics English) A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.

WordNet
consumer price index

n. an index of the cost of all goods and services to a typical consumer [syn: CPI, cost-of-living index]

Wikipedia
Consumer price index

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.

The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census one of the most closely watched national economic statistics.

Consumer price index (Belgium)

The Belgian Consumer Price Index (commonly referred to as the Index) is a list of prices of goods and services, kept by the Belgian Federal Government Service Economy. The Index is updated on a monthly basis, and reflects the evolution in the cost of living.

The Belgian system tracks two indices: the general Consumer Price Index and the Health Index. The latter uses the same basket of goods/products as the former, with the exception of products which could be detrimental to health, such as cigarettes and petrol.

Consumer Price Index (United Kingdom)

The Consumer Price Index (CPI) is the official measure of inflation of consumer prices of the United Kingdom. It is also called the Harmonised Index of Consumer Prices (HICP).

Consumer price index (South Africa)

The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank and a primary measure that determines national interest rates.

Usage examples of "consumer price index".

Figuring an average top income tax rate of 70 percent during the Ali years, and using the 1972 Consumer Price Index as our benchmark, Ruth's salary works out to the equivalent of $23.

A lump sum, payable immediately, or a monthly payment, amortized at eleven and a half percent, adjustments to be made semiannually on the basis of the consumer price index.

The figure of ten million dollars shall be adjusted annually in accordance with the rise in cost of living as determined by the Consumer Price Index.