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Glossary > C > "Consumer price index" Definition

Consumer price index

An index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments.

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Consumer price index - An index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments.

Consumer price index : an index which tracks the prices of a variety of goods purchased by an average consumer. the goods typically include food, clothing, utilities and medical care. also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as social security payments.