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

called also cost-of-living index

Examples of consumer price index in a Sentence

Recent Examples on the Web But the central bank has continued to dial back expectations after the consumer price index popped back up to 3.5% annually in March. Rocio Fabbro, Quartz, 18 Apr. 2024 Plenty of economists argue that the official statistics in the consumer price index are delayed and aren’t accounting for real-time measures that show rents falling in many places. Rachel Siegel, Washington Post, 10 Apr. 2024 The war against inflation was never going to be easy, but the latest consumer price index data demonstrates just how tough a fight the Federal Reserve is facing. Aimee Picchi, CBS News, 10 Apr. 2024 The Social Security Administration bases its COLA each year on average annual increases in the consumer price index for urban wage earners and clerical workers from July through September. Medora Lee, USA TODAY, 10 Apr. 2024 That may be evident again in the March consumer price index due Wednesday, as the overall CPI is seen accelerating on an annual basis, while the core measure that excludes food and energy is expected to tick down. Lucia Kassai, Fortune, 7 Apr. 2024 Wednesday’s report on the consumer price index is expected to show that core prices rose 0.3% from February to March, which generally is too fast for the Fed’s liking. Christopher Rugaber, Fortune, 6 Apr. 2024 Annual inflation, as measured by the consumer price index, increased 3.2% in February, slightly more than expected, with shelter and gasoline prices accounting for the majority of the growth. Rocio Fabbro, Quartz, 29 Mar. 2024 The proposals are being touted at a time when PG&E is under fire for skyrocketing monthly utility bills that have soared far faster than the overall inflation rate in the Bay Area as measured by the costly region’s consumer price index. George Avalos, The Mercury News, 27 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer price index.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1945, in the meaning defined above

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

Dictionary Entries Near consumer price index

Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 25 Apr. 2024.

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

Last Updated: - Updated example sentences
Love words? Need even more definitions?

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