consumer price index

noun
an index of the cost of all goods and services to a typical consumer
Syn: ↑CPI, ↑cost-of-living index
Hypernyms: ↑price index, ↑price level

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noun
the consumer price index
US : a list of prices of goods and services that shows how much prices have changed in a given period of time — abbr. CPI ; called also (Brit) retail price index

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conˌsumer ˈprice index [consumer price index] (BrE also conˌsumer ˈprices index) noun singular (abbr. CPI)
a list of the prices of some ordinary goods and services which shows how much these prices change each month
see also retail price index
 
Culture:
The CPI is calculated by looking at the average price of a range of things which an average person might buy each month and shows general movements in prices. In the US it is used as the basis for changes in social security benefit payments. In the UK it is the name used for the Harmonized Index of Consumer Prices, the index used in all countries of the ↑EU so that inflation rates of member states can be compared. The CPI is used by the ↑Treasury for the inflation target each year but social security benefits in Britain are increased on the basis of the older Retail Price Index.

Useful english dictionary. 2012.

Look at other dictionaries:

  • Consumer Price Index — consumer price in·dex n: an index measuring the change in the cost of typical wage earner purchases of goods and services in some base period – called also cost of living index; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Consumer …   Law dictionary

  • 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… …   The Collaborative International Dictionary of English

  • Consumer Price Index — (CPI) cost of living index, (Economics) comparison of the price of basic goods and services during a specific period versus the price of those goods and services during a base period (used as a measure of the inflation rate) …   English contemporary dictionary

  • Consumer price index — CPI redirects here. For other uses, see CPI (disambiguation). A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI, in the United States is defined by the Bureau of Labor …   Wikipedia

  • consumer price index — 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. Abbr.: CPI Also called cost of living index. [1945 50] * * * ▪ economics Introduction… …   Universalium

  • consumer price index — ( CPI) The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Bloomberg Financial Dictionary a measure of the aggregate… …   Financial and business terms

  • Consumer Price Index — /kənˌsju:mə praɪs ˌɪndeks/ noun an American index showing how prices of consumer goods have risen over a period of time, used as a way of measuring inflation and the cost of living (NOTE: The British equivalent is the Retail Prices Index or RPI.) …   Marketing dictionary in english

  • Consumer Price Index — /kənˌsju:mə praɪs ˌɪndeks/ noun an American index showing how prices of consumer goods have risen over a period of time, used as a way of measuring inflation and the cost of living. Abbreviation CPI (NOTE: The UK term is retail prices index.) ▪▪▪ …   Dictionary of banking and finance

  • consumer price index — vartotojų kainų indeksas statusas Aprobuotas sritis kainų statistika apibrėžtis Santykinis rodiklis, kuriuo išreiškiamas vartojimo prekių ir paslaugų, kurias namų ūkiai perka vartojimo reikmėms, bendrasis kainų pokytis per tam tikrą laikotarpį.… …   Lithuanian dictionary (lietuvių žodynas)

  • Consumer Price Index — CPI 1) In the UK, the usual name for the Harmonized Index of Consumer Prices (HICP), a measure of price level introduced in 1997 to enable comparisons within the EU. In 2003 the Chancellor of the Exchequer announced that government inflation… …   Accounting dictionary

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