Consumer price index (CPI)

Consumer price index (CPI),

Definition of Consumer price index (CPI):

  1. (in the US) an index of the variation in prices for retail goods and other items.

  2. The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living. The CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.

  3. A measure of changes in the purchasing-power of a currency and the rate of inflation. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power. It is one of the best known lagging indicators. See also producer price index.

  4. The CPI measures the average change in prices over time that consumers pay for a basket of goods and services, commonly known as inflation. Essentially it attempts to quantify the aggregate price level in an economy and thus measure the purchasing power of a country's unit of currency. The weighted average of the prices of goods and services that approximates an individual's consumption patterns is used to calculate CPI. A trimmed mean may be used as part of this.

How to use Consumer price index (CPI) in a sentence?

  1. I checked the consumer price index to compare prices of goods and services to what their price was on the previous year.
  2. CPI-W measures the Consumer Price Index for Urban Wage Earners and Clerical Workers while the CPI-U is the Consumer Price Index for Urban Consumers.
  3. The CPI statistics cover professionals, self-employed, poor, unemployed and retired people in the country but excludes non-metro or rural populations, farm families, armed forces, people serving in prison and those in mental hospitals.
  4. 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.
  5. CPI is the most widely used measure of inflation and, by proxy, of the effectiveness of the government’s economic policy.
  6. The investors were concerned about getting their moneys worth on their latest endeavor, and all of them kept a close eye on the consumer price index as a result.
  7. The Consumer Price Index measures the average change in prices over time that consumers pay for a basket of goods and services.
  8. Though the President is making every effort to convince us that inflation is down, the cold, hard fact is that the consumer price index indicates otherwise.

Meaning of Consumer price index (CPI) & Consumer price index (CPI) Definition

Consumer Price Index (CPI),

Consumer Price Index (CPI) Definition:

Consumer Price Index (CPI) refers to Brian Barnier is chief analyst at Value Bridge Advisors, co-founder and editor of FedishBoard.com, and a visiting professor at Colin Powell School, New York City University.

  • The Consumer Price Index measures the change in average prices over time, as consumers pay for a basket of goods and services.
  • The CPI is the most widely used measure of inflation and is used as a proxy for the effectiveness of government economic policies.
  • The CPI figures include skilled, self-employed, poor, unemployed and retired workers, but does not exclude inmates from non-urban or rural populations, farming families, the armed forces, prisoners and psychiatric hospitals.
  • IPCIE measures the consumer price index for urban wage earners and office workers, while IPCIP is the consumer price index for urban consumers.

Consumer Price Index (CPI) refers to Consumer Price Index is based on the group of goods and services that all urban consumers use during the reference period.

CPI Measuring inflation, which periodically monitors the evolution of the prices of general goods and services purchased by households.

Measures the value of a fixed shopping cart that a typical consumer buys. It is used as a cost of living to accommodate social security payments and other payment programs and to measure and assess inflation. Economists analyze CPI, excluding unexpected food and energy components, which they call basic CPI.

An initiative to change consumer prices published monthly by the U.S. Department of Labor Bureau of Labor Statistics. This index is often used as a reference for the cost of living to accommodate gymnastics payments and other payment programs. Insurance costs are part of the IPC.

Literal Meanings of Consumer Price Index (CPI)

Consumer:

Meanings of Consumer:
  1. People who buy goods and services for personal use.

  2. A person or thing that eats or uses something.

  3. Organic compounds and the energy they require are obtained by the use of other heterotrophs.

Sentences of Consumer
  1. Understanding what motivates consumers is more important than ever

  2. The largest users of rye are the Scandinavians

Synonyms of Consumer

customer, buyer, purchaser, shopper

Price:

Meanings of Price:
  1. The amount of money expected, demanded, or paid.

  2. Negative experiences, events or actions are clearly a condition for achieving the desired goal.

  3. Determine the required payment amount (something to sell).

Sentences of Price
  1. Land can be sold at a higher price

  2. The value of your success is debated throughout the day

  3. Watches cost in this range. 14.50

Synonyms of Price

toll, appraise, assay, set the price of, evaluate, fee, levy, estimate, figure, cost, asking price, rate, result, forfeiture, amount, charge, selling price, put a price on, penalty, payment, sum, fare, sacrifice, consequence

Index:

Meanings of Index:
  1. Alphabetical list of names, articles, etc., with reference to where they appeared, usually at the end of the book.

  2. An indication, mark or measure of something.

  3. A competitor or superscript or subscript attached to a set.

  4. An indicator of a device that represents a quantity, position on a scale, etc.

  5. Save (name, title, etc.) to the index.

  6. Automatically associate a price (price, salary, or other payment) with the price of the price index.

  7. (Machine or parts of it) Operators move or move from one position to another to perform the configuration.

Sentences of Index
  1. A clear reference completed by a clear index

  2. Test results can be an indicator of teacher effectiveness.

  3. There is evidence in this article that the sum of the general vector field index for each closed species is the topological environment, that is, the Euler property.

  4. This list includes articles under regional headings

  5. Legislation to regulate prices

  6. The pins are pulled and configured to handle the adjacent distribution position

Synonyms of Index

intimation, symptom, indication, implication, marker, sign, clue, token, hint, finger, lead, guide, pointer, hand, indicator, signal, mark, suggestion, needle, evidence

Consumer Price Index (CPI),

Consumer Price Index (CPI) Definition:

The index measures the average cost of some consumer goods and services, from food to technology and health.

Literal Meanings of Consumer Price Index (CPI)

Price:

Synonyms of Price

fix the price of, terms, forfeit, total, value, assess