consumer price index
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.consumer price index
nounDefinition of CONSUMER PRICE INDEX
: an index measuring the change in the cost of typical wage-earner purchases of goods and services expressed as a percentage of the cost of these same goods and services in some base period —called also cost-of-living index
See First Known Use of CONSUMER PRICE INDEX
1948
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