cost of living index
noun [C, usually singular]Definition
› ECONOMICS a list of the prices of basic goods and services, showing how they change in a particular period of time, as a way of measuring inflation: The newspaper's own unofficial cost of living index shows that prices are rising much faster than has been officially stated. → See also consumer price index, retail price index
(Definition of cost of living index noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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