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
In many cases, gas taxes are adjusted annually based on the consumer price index, a proxy for inflation calculated by the U.S. Bureau of Labor Statistics.
—
Nerdwallet, The Mercury News, 27 June 2024
Sandwiched between the two is the mid-month reading of the benchmark consumer price index.
—Craig Stirling, Fortune, 23 June 2024
The consumer price index rose by 3.4% over the last 12 months ending in April.
—Susan Tompor, Detroit Free Press, 12 June 2024
The data reported on Wednesday by the Bureau of Labor Statistics in an update to the consumer price index are encouraging news for President Joe Biden.
—Zachary Halaschak, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 12 June 2024
See all Example Sentences for consumer price index 
Nerdwallet, The Mercury News, 27 June 2024
Sandwiched between the two is the mid-month reading of the benchmark consumer price index.
—Craig Stirling, Fortune, 23 June 2024
The consumer price index rose by 3.4% over the last 12 months ending in April.
—Susan Tompor, Detroit Free Press, 12 June 2024
The data reported on Wednesday by the Bureau of Labor Statistics in an update to the consumer price index are encouraging news for President Joe Biden.
—Zachary Halaschak, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 12 June 2024
See all Example Sentences for consumer price index
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer price index.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 7 Jul. 2024.
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