Consumer Price Index


consumer price index
consumer price in·dex n: an index measuring the change in the cost of typical wage-earner purchases of goods and services in some base period – called also cost-of-living index;

Merriam-Webster’s Dictionary of Law. . 1996.

Consumer Price Index
Consumer Price Index (CPI)
USA
A series of statistics measuring the average change from month to month in the prices paid by urban consumers for a representative group of goods and services. The CPI is published by the US Bureau of Labor Statistics, an agency of the US Department of Labor. The CPI is used to:
• Measure inflation.
• Adjust other economic series (for example, retail sales and earnings) for price change and to convert these series into inflation-free dollars.
• Adjust income payments to consumers (for example, cost of living adjustments to Social Security payments).
In commercial contracts, rate or price adjustments for future payment obligations are sometimes tied to the corresponding percentage change in a specific CPI index for a set period.
The most comprehensive CPI index is the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the US City Average, 1982-84 = 100. The US Bureau of Labor Statistics provides detailed information on the CPI: {{}}.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


consumer price index
A computation made and issued monthly by the Bureau of Labor Statistics of the federal LABOR DEPARTMENT that attempts to track the price level of designated goods and services purchased by the average consumer.

Dictionary from West's Encyclopedia of American Law. 2005.


consumer price index
A computation made and issued monthly by the Bureau of Labor Statistics of the federal labor department that attempts to track the price level of designated goods and services purchased by the average consumer.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • consumer price index — n. An index of the cost of all goods and services to a typical consumer, calculated and published by the United States Bureau of Labor Statistics; abbreviated {CPI}, and usually referred to by that acronym. The Bureau maintains several indices… …   The Collaborative International Dictionary of English

  • Consumer Price Index — (CPI) cost of living index, (Economics) comparison of the price of basic goods and services during a specific period versus the price of those goods and services during a base period (used as a measure of the inflation rate) …   English contemporary dictionary

  • Consumer price index — CPI redirects here. For other uses, see CPI (disambiguation). A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI, in the United States is defined by the Bureau of Labor …   Wikipedia

  • consumer price index — an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period. Abbr.: CPI Also called cost of living index. [1945 50] * * * ▪ economics Introduction… …   Universalium

  • consumer price index — ( CPI) The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Bloomberg Financial Dictionary a measure of the aggregate… …   Financial and business terms

  • consumer price index — noun an index of the cost of all goods and services to a typical consumer • Syn: ↑CPI, ↑cost of living index • Hypernyms: ↑price index, ↑price level * * * noun the consumer price index US : a list of prices of goods and services that shows how… …   Useful english dictionary

  • Consumer Price Index — /kənˌsju:mə praɪs ˌɪndeks/ noun an American index showing how prices of consumer goods have risen over a period of time, used as a way of measuring inflation and the cost of living (NOTE: The British equivalent is the Retail Prices Index or RPI.) …   Marketing dictionary in english

  • Consumer Price Index — /kənˌsju:mə praɪs ˌɪndeks/ noun an American index showing how prices of consumer goods have risen over a period of time, used as a way of measuring inflation and the cost of living. Abbreviation CPI (NOTE: The UK term is retail prices index.) ▪▪▪ …   Dictionary of banking and finance

  • consumer price index — vartotojų kainų indeksas statusas Aprobuotas sritis kainų statistika apibrėžtis Santykinis rodiklis, kuriuo išreiškiamas vartojimo prekių ir paslaugų, kurias namų ūkiai perka vartojimo reikmėms, bendrasis kainų pokytis per tam tikrą laikotarpį.… …   Lithuanian dictionary (lietuvių žodynas)

  • Consumer Price Index — CPI 1) In the UK, the usual name for the Harmonized Index of Consumer Prices (HICP), a measure of price level introduced in 1997 to enable comparisons within the EU. In 2003 the Chancellor of the Exchequer announced that government inflation… …   Accounting dictionary


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