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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On the data side, inflation will be the story with the March consumer price index and producer price index out Thursday and Friday, respectively. Jeff Marks,kevin Stankiewicz, CNBC, 4 Apr. 2025 Their 20-year-lease, signed in 2015, set their rent at $8,400 a month with annual increases consistent with the rise of the consumer price index. Sierra Lopez, Mercury News, 1 Apr. 2025 Inflation dipped below 3 percent in the February consumer price index, and unemployment is at a relatively low 4.1 percent of the workforce; there are about 7 million people looking for a job out of a total civilian labor force numbering more than 170 million. Tobias Burns, The Hill, 19 Mar. 2025 Numbers from the Bureau of Labor Statistics showed the consumer price index increased 2.8% between February 2024 and last month—0.1% lower than consensus estimates. Megan Poinski, Forbes, 18 Mar. 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

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Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 15 Apr. 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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