consumer price index

Definition of "consumer price index"
  1. A benchmark that tracks changes in the cost of goods and services typically bought by wage earners over a specific period
How to use "consumer price index" in a sentence
  1. The consumer price index rose by 2% this quarter, reflecting inflation in the economy.
  2. Economists closely monitor the consumer price index to understand the financial strain on the average worker.
  3. The decrease in the consumer price index indicates that the cost of living has gone down.

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