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Consumer Price Index |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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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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? References in periodicals archive |
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I have no faith in the Consumer Price Index numbers. Private owners, public agencies that do budgeting and design and contractors should all be aware that construction materials prices are likely to keep rising at a much faster rate than the 3-to-4-percent increase in the consumer price index (CPI) or broad producer price index (PPI) for finished goods," says AGC's Chief Economist Ken Simonson. The August Consumer Price Index and Producer Price Index reports suggest inflationary forces are tame. |
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Consumer Price Index
