consumer price index

noun

: an index measuring the change in the cost of typical wage-earner purchases of goods and services expressed as a percentage of the cost of these same goods and services in some base period

called also cost-of-living index

Examples of consumer price index in a Sentence

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Bulgaria’s harmonized consumer price index — which is comparable across European countries — came in at 2.8% in April according to statistics agency Eurostat. Sophie Kiderlin, CNBC, 4 June 2025 In its earlier form, the bill would have limited annual rent increases to 2% of rent plus any increases in the annual consumer price index and provide a process for park owners to appeal that limit in particular cases. Ginny Monk, Hartford Courant, 4 June 2025 For all America’s moderating higher-price worries, Japanese consumer price index inflation is rising at a 3.6% year-on-year rate, nearly double the central bank’s 2% target. William Pesek, Forbes.com, 29 May 2025 April's annual consumer price index is expected to remain at 2.4% from March, according to the Dow Jones consensus. Medora Lee, USA Today, 14 May 2025 See All Example Sentences for consumer price index

Word History

First Known Use

1945, in the meaning defined above

Time Traveler
The first known use of consumer price index was in 1945

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Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 8 Jun. 2025.

Legal Definition

consumer price index

noun
consumer price in·​dex
: 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

More from Merriam-Webster on consumer price index

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