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Consumer Price Index (Noun)

Meaning

An index of the cost of all goods and services to a typical consumer.

Classification

Nouns denoting communicative processes and contents.

Examples

  • The government uses the consumer price index to measure inflation and adjust taxes and benefits accordingly.
  • The economist studied the consumer price index to understand the effects of the recent economic downturn on household expenses.
  • The consumer price index is released monthly by the Bureau of Labor Statistics to track changes in the price of goods and services.
  • The central bank uses the consumer price index to set monetary policy and control inflation.
  • The increase in the consumer price index was largely driven by higher prices for housing and healthcare.

Synonyms

  • CPI
  • Cost-of-living Index

Hypernyms

  • Price Level
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