The Collaborative International Dictionary
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.