What does cost-of-living index mean?
Definitions for cost-of-living index
cost-of-liv·ing in·dex
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost-of-living index.
Princeton's WordNet
consumer price index, CPI, cost-of-living indexnoun
an index of the cost of all goods and services to a typical consumer
Wikipedia
Cost-of-living index
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary.There are many different methodologies that have been developed to approximate cost-of-living indexes. A Konüs index is a type of cost-of-living index that uses an expenditure function such as one used in assessing expected compensating variation. The expected indirect utility is equated in both periods.
ChatGPT
cost-of-living index
A cost-of-living index is a theoretical measurement that reflects the overall price level of goods and services needed for maintaining a specific standard of living. It takes into account the cost of various day-to-day expenses such as housing, food, healthcare, transportation, and taxes, among others. This index is commonly used to compare the cost of living between different geographic areas, or to compare the cost of living over a period of time in the same area. It can also be used to adjust income to accommodate inflation and changes in purchasing power.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cost-of-living index in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of cost-of-living index in Pythagorean Numerology is: 9
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"cost-of-living index." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/cost-of-living+index>.
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