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.
consumer price index (CPI) is in the Banking, Commerce & Finance, Economics, Politics, & Society and HR, Teams, & Training subjects.
consumer price index (CPI) appears in the definitions of the following terms:
consumer price inflation,
core CPI,
lagging indicators,
product price index (PPI),
indexation,
indexed-rate bond,
retail price index (RPI),
inflation accounting,
indexed life insurance,
producer price index (PPI)
and
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