Definition of consumer price index in English:
(In the US) an index of the variation in prices 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.
Definition of consumer price index in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia
Most popular in India