consumer price index

EnglishEdit

 
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Alternative formsEdit

  • CPI (abbreviation)

NounEdit

consumer price index

  1. (economics) A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.
    • 2022 May 11, Dominic Rushe, “US inflation rate slows but remains close to 40-year high”, in The Guardian[1]:
      The latest consumer price index (CPI) figures—which measure a broad range of goods and services—showed prices rising by a monthly rate of 0.3% in April, down from 1.2% in March, the first fall since August 2021.

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