Meaning of “consumer price index” in the English Dictionary

british dictionary

"consumer price index" in Business English

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consumer price indexnoun [ C, usually singular ]

uk us abbreviation CPI

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 consumer price index hit a six-month high in October.
The consumer price index was up 3.4%.

(Definition of “consumer price index” from the Cambridge Business English Dictionary © Cambridge University Press)

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