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
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In the meantime, inflation has cooled dramatically since reaching a 40-year high in June 2022, although the consumer price index remains stubbornly above the Federal Reserve's goal of a 2% annual rate. Aimee Picchi, CBS News, 22 Jan. 2025 But the December consumer price index, released Wednesday, likely helped soothe some of those nerves. Rocio Fabbro, Quartz, 17 Jan. 2025 From the perspective of consumer prices, the CPI (consumer price index) rose in the fourth quarter, mainly due to the downward impact of food prices, more reflective of the relationship between supply and demand, the core CPI rose for three consecutive months. Yaakov Katz, Newsweek, 17 Jan. 2025 The overall annual consumer price index (CPI) rose 2.9% in December, up from 2.7% in November but in line with Reuters' average economist forecast. Medora Lee, USA TODAY, 16 Jan. 2025 See all Example Sentences for consumer price index 

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 31 Jan. 2025.

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
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