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consumer price index

noun

Definition of consumer price index

  1. :  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



1948

First Known Use of consumer price index

1948


Law Dictionary

consumer price index

noun consumer price in·dex

Legal Definition of consumer price index

  1. :  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




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