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.
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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.
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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.
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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.
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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.
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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.
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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.
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Shawn Tully, Fortune, 1 Dec. 2021
In October the consumer price index rose 6.2%, the highest year increase in 31 years.
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Sean Mcdonnell, cleveland, 20 Nov. 2021
See MoreThese 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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16 Jan 2022
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“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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The first known use of consumer price index was in 1945
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