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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The latest data from the U.S. Bureau of Labor Statistics for April found that the consumer price index increased 0.3% on a seasonally adjusted basis, having risen 0.4% in March.
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Eleanor Pringle, Fortune, 23 May 2024
The cost of shelter, which is basically based on rent prices, was up 5.5% in April compared to a year ago, according to the Labor Department's consumer price index.
—Swapna Venugopal Ramaswamy, USA TODAY, 21 May 2024
See all Example Sentences for consumer price index 
Eleanor Pringle, Fortune, 23 May 2024
The cost of shelter, which is basically based on rent prices, was up 5.5% in April compared to a year ago, according to the Labor Department's consumer price index.
—Swapna Venugopal Ramaswamy, USA TODAY, 21 May 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 29 May. 2024.
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