consumer price index (CPI)

Related Terms
A measure of changes in the purchasing-power of a currency and the rate of inflation. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power. It is one of the best known lagging indicators. See also producer price index.

Use 'consumer price index (CPI)' in a Sentence

Though the President is making every effort to convince us that inflation is down, the cold, hard fact is that the consumer price index indicates otherwise.
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I checked the consumer price index to compare prices of goods and services to what their price was on the previous year.
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The investors were concerned about getting their money's worth on their latest endeavor, and all of them kept a close eye on the consumer price index as a result.
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