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average earnings index
noun [C] (plural average earnings indices, average earnings indexes) (abbreviation AEI) ECONOMICSDefinition
› in the UK, a series of numbers that compares the average amount of money earned by a worker during the year with the amount earned in the previous year: The average earnings index is expected to show that wages rose at a 4.4% annual pace in August.
(Definition of average earnings index noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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