Meaning of “consumer price inflation” in the English Dictionary

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"consumer price inflation" in Business English

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consumer price inflationnoun [ U ]

uk us

ECONOMICS increases in the prices that people pay in a particular period of time for goods and services, and the measurement of these rises:

The rise in wholesale prices was not unduly alarming because consumer price inflation seems under control.

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