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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As recently as late March, the Fed was still predicting three rate cuts in 2024 as annual inflation slowed from a 40-year high of 9.1% in mid-2022 to about 3%, according to the consumer price index.
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Paul Davidson, USA TODAY, 25 Apr. 2024
Paying to keep vehicles running and a roof over one's head accounted for more than half the March rise in the consumer price index, which rose 3.5% last month from a year ago.
—Kate Gibson, CBS News, 11 Apr. 2024
See all Example Sentences for consumer price index 
Paul Davidson, USA TODAY, 25 Apr. 2024
Paying to keep vehicles running and a roof over one's head accounted for more than half the March rise in the consumer price index, which rose 3.5% last month from a year ago.
—Kate Gibson, CBS News, 11 Apr. 2024
See all Example Sentences for consumer price index
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer price index.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 4 May. 2024.
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