Meaning of “cost-of-living index” in the English Dictionary


"cost-of-living index" in English

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cost-of-living indexnoun [ C usually singular ]

uk /ˌkɒst.əvˈlɪv.ɪŋ ˌɪn.deks/ us /ˌkɑːst.əvˈlɪv.ɪŋ ˌɪn.deks/ US

(Definition of “cost-of-living index” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost of living index" in Business English

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cost of living indexnoun [ C, usually singular ]

uk us

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.

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

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