Consumer Price Index

Consumer Price Index

Summary of Consumer Price Index

An index of the retail price of four hundred consumer products and services, computed monthly by the Bureau of Labor Statistics. Formerly known as the Cost of Living Index, the compilation includes retail price inputs of given items from many cities across the United States.

(Main Author: William J. Miller)

Consumer Price Index (in the Human Development Area)

In this context, Consumer Price Index means: the average price of a basket of goods and services purchased by households; the basket varies by country and may be fixed or may change at specified intervals. Changes in the consumer price index indicate the change in the real value (purchasing power) of money.

Consumer Price Index

Resources

See Also

  • Price Policy
  • Price Control
  • Pricing Strategy
  • Dumping

Resources

See Also

  • Cost of living clause. Compare Producer Price Index

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