Consumer Price Index

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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.The consumer price index (CPI) is an indicator of the rate of inflation in the economy because it measures changes in the cost of maintaining a particular standard of living.

References in periodicals archive ?
However, there is a version of the CPI that attempts to account for substitution in a manner similar to the PCE price index: the chain-weighted (or chained) CPI.
In no event shall an annual escalation exceed 50% of the CPI increase as aforementioned computed .
In previous years, CPI put higher priority on licensing its process to others than on its own custom molding business.
A number of significant methodological improvements have been made to the CPI since 1978.
The hearings that this subcommittee held last year on the CPI provided a very clear summary of the arguments surrounding some of the difficult measurement problems confronting the BLS and the range of professional opinions concerning the quantitative significance of those problems.
Lowering the CPI by that amount would mean less of an increase in pension benefits and more taxes paid.
Judge Mize wrote that "plaintiff has not satisfied the heavy burden required at this stage by showing a substantial likelihood that defendants Haft and Bourassa acted primarily in their own self-interest to perpetuate their control of and employment at CPI.
Many employers use the CPI as a guideline in granting wage and benefit increases.
Perhaps the biggest casualty of a CPI revision would be the interminably repeated story of declining American living standards over the recent past, which has been used to justify all manner of government interventions to ``solve'' the problem.
CPI Aero([R]) is a registered trademark of CPI Aerostructures, Inc.
The problem, most experts agree, is that the way CPI is calculated exaggerates the actual cost of living - by 1.
Managing Director David Schaefer, head of CPI Asia Pacific, leads an experienced and growing Hong Kong-based team of more than 25 professionals, who have invested or committed to invest approximately 40% of the Fund's capital to date.