( CPI)
The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Bloomberg Financial Dictionary
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a measure of the aggregate rise or fall in prices of commonly used goods and services, published by the Commonwealth Government as a basis, among other things, for deciding what overall increases should be made to wages and salaries. Glossary of Business Terms
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A major inflation measure computed by the U.S. Department of Commerce. It measures the change in prices of a fixed market basket of some 385 goods and services in the previous month. Chicago Board of Trade glossary
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► See CPI.
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consumer price index UK US noun [C, usually singular] (ABBREVIATION CPI)
► ECONOMICS a list of the prices of basic goods and services, showing how they change in a particular period of time, as a way of measuring inflation: »
The consumer price index hit a six-month high in October.
»The consumer price index was up 3.4%.
→ See also COST OF LIVING INDEX(Cf. ↑cost of living index), RETAIL PRICE INDEX(Cf. ↑retail price index)
Financial and business terms. 2012.