CONSUMER PRICE INDEX

glossary /

CONSUMER PRICE INDEX

consumer price index. An index that tracks the price of goods and services purchased by the average consumer and that is published monthly by the U.S. Bureau of Labor Statistics. ? The consumer price index is used to monitor periodic changes in the rate of inflation. ¡ª Abbr. CPI. ¡ª Also termed cost-of-living index. Cf. PRODUCER PRICE INDEX.
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