consumer price index (CPI)
Definition
Measure of changes in the purchasing-power of a currency and the rate of inflation. CPI 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. Also called cost of living index (COLI), it is one of the best known lagging indicators. See also producer price index.
Mentioned in these definitions
Popular 'Banking, Commerce & Finance' Terms
consumer price index (CPI) in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/consumer-price-index-CPI.html
