cost-of-living index

Definition of "cost-of-living index"
  1. A statistical measurement that reflects changes in prices over time, prepared by the U.S. Bureau of Labor Statistics
How to use "cost-of-living index" in a sentence
  1. The cost-of-living index is used to assess inflation and its impact on the general population.
  2. Economists use the cost-of-living index to track the financial health of the country.
  3. The cost-of-living index helps in determining wage increases based on inflation.
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