Definitions for consumer price index
con·sumer price in·dex

Princeton's WordNetRate this definition:0.0 / 0 votes

1. consumer price index, CPI, cost-of-living indexnoun

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

WiktionaryRate this definition:0.0 / 0 votes

1. consumer price indexnoun

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

WikipediaRate this definition:0.0 / 0 votes

1. Consumer price index

   A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time.

ChatGPTRate this definition:0.0 / 0 votes

1. consumer price index

   The consumer price index (CPI) is a statistical measure that tracks changes in the price of a basket of consumer goods and services purchased by households. It is commonly used as a measure of inflation, with the annual percentage change in CPI serving as the rate of inflation. The CPI also serves as a deflator of the output measures in the national accounts and can be used to adjust monetary values.

WikidataRate this definition:0.0 / 0 votes

1. Consumer price index

   A consumer price index measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI in the United States is defined by the Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census and the USA National Income and Product Accounts, one of the most closely watched national economic statistics.

Matched Categories

1. • Price Index

How to pronounce consumer price index?

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How to say consumer price index in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of consumer price index in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of consumer price index in Pythagorean Numerology is: 8

Examples of consumer price index in a Sentence

1. George Ratiu:

   Investors have their eyes on the Consumer Price Index, expecting to see continued gains but at a moderating pace.

2. Jonathan Smoke:

   Used car prices typically rise about 1 % annually, consumer Price Index's definitely contributing far more to inflation right now.

3. Nancy Pelosi:

   When Congress passed this legislation, frankly, we jumped for joy, this was so exciting because of the transformative difference this law would make for America's working families. CRITICS SLAM PRESIDENT BIDEN FOR ‘ CELEBRATING ’ SIGNING OF INFLATION REDUCTION ACT : ‘ SLAP IN THE FACE ’ President Joe Biden signed the Inflation Reduction Act into law last month after it passed through Congress along party lines, with Vice President Kamala Harris casting the tie-breaking vote in the Senate. The act, lawmakers said, was intended to combat climate change, address health care costs and raise taxes on large corporations. But midway into September, a new report indicated inflation rose more than expected in August, squeezing U.S. households even as the cost of gasoline fell and continued to create a political headache for the president. The Labor Department said Earlier Tuesday that the consumer price index – a broad measure of the price for everyday goods, including gasoline groceries, and rents – rose 8.3 % in August from a year ago. Prices climbed 0.1 % in the one-month period from July. President Joe Biden speaks before signing H.R. 5376, the Inflation Reduction Act of 2022. ( AP Photo/Andrew Harnik) Those figures were both higher than the 8.1 % headline figure and 0.1 % monthly decline forecast by Refinitiv economists, a worrisome sign for theFederal Reserveas it seeks to cool price gains and tame consumer demand with an aggressive interest rate hike campaign. Stock futures tanked on the surprisingly hot report, with the Dow Jones Industrial Average down more than 400 points. Earlier Earlier Tuesday, the president released a statement saying it.

4. David Song:

   Another uptick in the U.S. Consumer Price Index may spark a sell-off in EUR/USD as market participants ramp up bets for a Fed rate hike at the Sept. 17 interest rate decision, however, the renewed decline in oil prices may drag.

5. Masazumi Wakatabe:

   It’s crucial to avoid tightening easy monetary conditions prematurely by looking just at near-term moves in the core consumer price index.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=consumer price index
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Consumer_Price_Index
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Consumer_Price_Index
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=consumer price index