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 The jump in the consumer price index in December, compared to a year earlier, marked the highest annual inflation since 1982. Harold Maass, The Week, 13 Jan. 2022 The Labor Department said earlier this month that consumer prices surged at their fastest rate in more than three decades, reporting a 6.2% jump over the last 12 months in its consumer price index. Catherine Thorbecke, ABC News, 30 Nov. 2021 The higher levy was calculated by taking 2020′s 1.4 % increase in the consumer price index plus a $40,000 addition to the Park District’s Special Recreation Fund, which funds services to make the parks inclusionary and ADA-compliant. Joshua Irvine, chicagotribune.com, 29 Nov. 2021 On Wednesday, the government said its consumer price index soared 6.2% from a year ago — the biggest 12-month jump since 1990. orlandosentinel.com, 11 Nov. 2021 The Bureau of Labor Statistics released its consumer price index this week, which showed prices rose 5.3 percent last month in comparison with a year ago. Washington Post, 16 Sep. 2021 This week, investors will get more key economic updates on Tuesday when the U.S. Labor Department releases its consumer price index reading for August and on Thursday when the Census Bureau releases its August U.S. retail sales report. Benzinga, Detroit Free Press, 11 Sep. 2021 In October, the consumer price index (CPI) surged at a 6.2% annual rate, a 31-year high. Shawn Tully, Fortune, 1 Dec. 2021 In October the consumer price index rose 6.2%, the highest year increase in 31 years. Sean Mcdonnell, cleveland, 20 Nov. 2021

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.

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First Known Use of consumer price index

1945, in the meaning defined above

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The first known use of consumer price index was in 1945

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Dictionary Entries Near consumer price index

consumerism

consumer price index

consumer sovereignty

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Last Updated

16 Jan 2022

Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 21 Jan. 2022.

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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

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