consumer prices index

consumer prices index
conˌsumer ˈprice index [consumer price index] (BrE also conˌsumer ˈprices index) noun singular (abbr. CPI)
a list of the prices of some ordinary goods and services which shows how much these prices change each month
see also retail price index
The CPI is calculated by looking at the average price of a range of things which an average person might buy each month and shows general movements in prices. In the US it is used as the basis for changes in social security benefit payments. In the UK it is the name used for the Harmonized Index of Consumer Prices, the index used in all countries of the ↑EU so that inflation rates of member states can be compared. The CPI is used by the ↑Treasury for the inflation target each year but social security benefits in Britain are increased on the basis of the older Retail Price Index.

Useful english dictionary. 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Consumer Prices Index — (CPI) United Kingdom One of two consumer price indices used as the domestic measure of inflation in the UK (see also Retail Prices Index (RPI)). The CPI is published by the Office for National Statistics. It measures the average change from month …   Law dictionary

  • (the) Consumer Prices Index — the Consumer Price Index [the Consumer Price Index] (AmE the Consumer Prices Index) (abbr the CPI) The CPI is calculated by look …   Useful english dictionary

  • Consumer Price Index — consumer price in·dex n: an index measuring the change in the cost of typical wage earner purchases of goods and services in some base period – called also cost of living index; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Consumer …   Law dictionary

  • Consumer price index by country — Contents 1 Argentina 2 Australia 3 Belgium 4 Canada …   Wikipedia

  • Consumer price index — CPI redirects here. For other uses, see CPI (disambiguation). A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI, in the United States is defined by the Bureau of Labor …   Wikipedia

  • consumer price index — an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period. Abbr.: CPI Also called cost of living index. [1945 50] * * * ▪ economics Introduction… …   Universalium

  • consumer price index — noun an index of the cost of all goods and services to a typical consumer • Syn: ↑CPI, ↑cost of living index • Hypernyms: ↑price index, ↑price level * * * noun the consumer price index US : a list of prices of goods and services that shows how… …   Useful english dictionary

  • consumer price index — ( CPI) The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Bloomberg Financial Dictionary a measure of the aggregate… …   Financial and business terms

  • Consumer Confidence Index — The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and… …   Wikipedia

  • Consumer Price Index — /kənˌsju:mə praɪs ˌɪndeks/ noun an American index showing how prices of consumer goods have risen over a period of time, used as a way of measuring inflation and the cost of living (NOTE: The British equivalent is the Retail Prices Index or RPI.) …   Marketing dictionary in english

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”