cost of living

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Related to Cost of living index: consumer price index, Cost Of Living Adjustment
See: overhead
References in periodicals archive ?
The maximum cost of living index value for Turbat can potentially be attributed to a lot of varying factors such as the small size of the city (preventing it from benefiting from economies of scale), area/provincial bias, and the remoteness of the city.
I amsure theremust bemanywho aremystified by the way the cost of living index is calculated.
The cost of living index is based on more than 50,000 prices covering almost 60 different items in the following categories: housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.
No cost of living index can even pretend to be realistic without the inclusion of mortgage and transport costs.
The National Statistics Office for the same period states that the cost of living index increased 26.
The cost of living index placed the Norwegian capital behind the Japanese cities of Tokyo and Osaka, while London was the most expensive city in the European Union.
But their cost of living index is 60 per cent higher.
The cost of living index stood at 137 for both Tokyo and Osaka against the base index of 100 for New York, it said.
Twenty-eight years later the price is $149, still on the low side for a b-to-b, twice-monthly, but well ahead of the increase in the cost of living index over the period.
Because the cap was tied to a cost of living index, it steadily increased to $235,840 by 1993.
The Theory of the Cost of Living Index, New York: Oxford University Press, 1989.
1) Substitution Bias: A cost of living index could not price a fixed bundle of goods, because Americans adapt their consumption patterns to avoid goods whose prices rise the most.