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Consumer Price Index
(redirected from Retail-price index)

    Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.

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.
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