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 ?
In addition members were being offered either the Retail Price Index rate plus 0.
1 per cent instead of the Retail Price Index, which is 4.
According to the State Statistical Office, the retail price index in October relative to the same month of last year went up 3.
With justification pension fund managers have reacted angrily to the Government's attempt to force private pension schemes to use the consumer price index (CPI) rather than the retail price index (RPI) to set minimum annual pension increases.
Payments are income tax free and retail price index linked -which means they rise with inflation.
However, inflation fell to its lowest level in 21 months on the consumer price index and there was a record yearon-year drop in prices on the retail price index.
4% pay rise, but the union wants at least the equivalent to the retail price index measure of inflation - over 4%.
Research by pay analysts Incomes Data Services (IDS) showed that the retail price index was putting upward pressure on wage deals.
Regulated fares are determined by the regime set by the SRA, which allows for a rise of the retail price index plus one per cent.
According to the official Retail Price Index published this week, food prices are now 1.
2 percent rate in the first quarter of 1996 while inflation, as measured by the retail price index, was only 7.
The cost of goods as measured by the Retail Price Index rose by 7.

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