Consumer Price Index


Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to Consumer Price Index: producer price index, inflation

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 ?
Norway's core inflation, or the consumer price index adjusted for changes in real taxes and energy prices, slowed to 2.
Meanwhile, the Consumer Price Index for Southern California, which includes Los Angeles, Orange, Riverside, San Bernardino and Ventura counties, now stands at 169.
Despite those findings, the owners eventually agreed to limit rent increases to 2 percent or the Consumer Price Index.
com's Industry News page, and a following story presents background information as to how the government branch surveys grocery prices and creates the index, based on an interview with Bill Cook, Food Section chief for the BLS Consumer Price Index branch.
Currently, the city ordinance allows park owners to raise rents by 4 percent each year, or by the Consumer Price Index, whichever is higher.
According to Hickok, most economists would agree the two factors that largely held the headline Consumer Price Index (CPI) in check last year - falling energy prices and import prices - have now stopped falling.
Earlier discussions of adjusting the Consumer Price Index, which affects Social Security benefits and tax brackets, were shelved.
He was rated the most accurate in forecasting the gross domestic product, consumer price index, treasury bill rates, and unemployment rates from 1994 to 1997.
Among the conditions was a hold on domestic spending, ``meaningful'' tax relief and no adjustment to the Consumer Price Index.
Of most recent note, is his work reviewing the accuracy of the Consumer Price Index as a measure of inflation in his capacity as chairman of the Congressional Advisory Commission on the Consumer Price Index.
The Bureau of Labor Statistics will begin publishing April 22 an experimental price gauge aimed at correcting one of the bias problems highlighted in the Consumer Price Index.
Because the THCI exclusively tracks homeowner spending," states Paul Spring, editor-in-chief of Today's Homeowner, "it gives a much more accurate picture of changing homeowner costs than the much broader Consumer Price Index (CPI).

Full browser ?