An index of the variation in prices paid by typical consumers for retail goods and other items.
- 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.
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Syllabification: con·sum·er price in·dex
Definition of consumer price index in:
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