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

Examples of consumer price index in a Sentence

Recent Examples on the Web This was the victory achieved by what’s known as the Great Moderation: 30 years of low consumer price index inflation in the aftermath of the stagflation of the 1970s. Robert Hockett, The New Republic, "Why Joe Biden Can Stop Worrying and Start Spending Like Crazy," 1 Dec. 2020 Adjusted for inflation, $15,000 in 1964 would be more than $125,000 in 2020 money, according to the U.S. Bureau of Labor Statistics’ consumer price index inflation calculator. Ben Leonard, baltimoresun.com, "Baltimore’s first Thanksgiving Day parade almost was a disaster," 26 Nov. 2020 The county is allowed to tax to capture new residential and commercial growth and to increase the levy based on the consumer price index. Alicia Fabbre, chicagotribune.com, "Will County budget includes sheriff body cameras, diversity director," 20 Nov. 2020 The consumer price index measures the change in prices paid by consumers for goods and services, such as groceries, clothing, transportation, and medical care. Jay Heflin, Washington Examiner, "Inflation stalled in October," 12 Nov. 2020 Trump has pushed a series of prescription drug proposals, and his administration, citing consumer price index data, has touted a brief dip in prescription drug prices. USA Today, "Coronavirus pandemic highlights President Trump's broken health care promises," 27 Oct. 2020 Several council members also pushed back against Lightfoot’s proposal to raise property taxes each year by an amount tied to the consumer price index. John Byrne, chicagotribune.com, "Lightfoot administration defends proposed Chicago property tax hike plan for 2021," 26 Oct. 2020 Honolulu’s consumer price index is up 1.9% over 12 months through September compared with 1.4% nationally, the bureau said in the report released Tuesday tracking 87 major metropolitan areas. From Usa Today Network And Wire Reports, USA TODAY, "Rent relief protest, concert fines, Women’s March: News from around our 50 states," 16 Oct. 2020 Reflecting the average level of the consumer price index that would make the payout from any investment in these bonds roughly comparable over their lifetime, the 10-year breakeven rate is currently 1.73%, up from an 11-year low of 0.47% in March. Matthew Boesler, Bloomberg.com, "Decoding Gauges of Inflation Expectations Is Fed’s Next Big Task," 10 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consumer price index.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of consumer price index

1945, in the meaning defined above

Keep scrolling for more

Learn More about consumer price index

Time Traveler for consumer price index

Time Traveler

The first known use of consumer price index was in 1945

See more words from the same year

Statistics for consumer price index

Last Updated

5 Dec 2020

Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 5 Dec. 2020.

Keep scrolling for more

More Definitions for consumer price index

consumer price index

noun
consumer price in·​dex

Legal Definition of consumer price index

: 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

Britannica.com: Encyclopedia article about consumer price index

Comments on consumer price index

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

WORD OF THE DAY

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!