consumer price index

noun

: 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
abbreviation CPI

called also cost-of-living index

Examples of consumer price index in a Sentence

Recent Examples on the Web
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The change would be much more significant had the legislation based the increase on the consumer price index over the past 48 years. Editorial, Boston Herald, 29 Dec. 2025 The inflation picture last week showed improvement , with the government’s November consumer price index registering a smaller-than-expected year over year advance. Matthew J. Belvedere, CNBC, 21 Dec. 2025 The November consumer price index showed annual inflation easing to 2.7%, below expectations. Benzinga, Freep.com, 20 Dec. 2025 According to the latest consumer price index figures from the Bureau of Labor Statistics, the prices for milk, butter and cheese are down. Betty Lin-Fisher, USA Today, 19 Dec. 2025 See All Example Sentences for consumer price index

Word History

First Known Use

1945, in the meaning defined above

Time Traveler
The first known use of consumer price index was in 1945

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Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 10 Jan. 2026.

Legal Definition

consumer price index

noun
consumer price in·​dex
: 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

More from Merriam-Webster on consumer price index

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