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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On the economic front, inflation will take center stage next week with the release of the consumer price index on Wednesday and the producer price index on Thursday. Jeff Marks, CNBC, 5 June 2026 While the consumer price index for airline fares actually fell 3.5% from 2019 to 2025 in real terms, low-cost carriers like Breeze, Frontier and JetBlue are aggressively adding capacity in markets vacated by Spirit Airlines, keeping competitive pressure on pricing even as demand grows. Frank Holmes, Forbes.com, 26 May 2026 The parties also divvy up stadium upkeep costs, with San Diego required to pay 70% of routine ballpark operating expenses, up to a threshold that increases annually with the consumer price index. Jennifer Van Grove, San Diego Union-Tribune, 17 May 2026 Reimbursement rates are adjusted annually based on the consumer price index. Brittney Melton, NPR, 15 May 2026 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 8 Jun. 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

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