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Consumer Price Index |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.03 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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j,t] are consumer price indexes for the United States and economy j. The Grumbach study, according to Banks, was based on the meshing of annual consumer price indexes and gross domestic product figures. Combine this kind of market activity with increasingly positive national economic reports including improvement in employment, inflation in check as demonstrated by both producer and consumer price indexes, increasing retail sales, gains in domestic car sales, and an optimistic forecast by the nation's purchasing managers among other signs, and you have reason to believe the bottom is behind us and momentum is building for a sustained recovery. |
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consumer price indexes
