Consumer price index

noun

Definitions

Noun
  1. 1
    A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.

    "The latest consumer price index (CPI) figures—which measure a broad range of goods and services—showed prices rising by a monthly rate of 0.3% in April, down from 1.2% in March, the first fall since August 2021."

  2. 2
    an index of the cost of all goods and services to a typical consumer wordnet

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