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consumer price index Syllabification: con·sum·er price in·dex
Pronunciation: /kənˈs(y)o͞omər prīs ˈinˌdeks/
(abbreviation: CPI)

Definition of consumer price index in English:


An index of the variation in prices paid by typical consumers for retail goods and other items.
Example sentences
  • Index the 60 per cent of median income to the consumer price index, and by 2001, only 2 per cent of people fell below the line.
  • In the present U.S. system, benefits after retirement are indexed to the consumer price index.
  • For comparison, Labor notes medical prices rose by about 50% as measured in the consumer price index.
Definition of consumer price index in:
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