consumer price index


consumer price index

noun

Definition 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

First Known Use of CONSUMER PRICE INDEX

1948

Browse

Next Word in the Dictionary: consumer sovereignty
Previous Word in the Dictionary: consumerism
All Words Near: consumer price index

Seen & Heard

What made you want to look up consumer price index? Please tell us where you read or heard it (including the quote, if possible).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More