Definition von cost of living im Englisch Englisch wörterbuch
The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing
Level of prices of goods and services required for a reasonable standard of living
A Cost of Living Index measures differences in the price of goods and services, and allows for substitutions to other items as prices change A Consumer Price Index measures a price change for a constant market basket of goods and services from one period to the next within the same city (or in the Nation) The CPI is not a true cost of living index and should not be used for place to place comparisons
The amount consumers must spend on the entire range of goods and sevices they buy
The term "cost of living" refers to the monetary cost of living in a particular area The cost of living in Canada is defined by Statistics Canada for all areas of the country It is important to note that the stated cost of living in a particular area does not refer to living well, merely to surviving The most accurate cost of living figures are available from
average cost of basic necessities of life (as food and shelter and clothing); "a rise in the cost of living reflects the rate of inflation"
The average cost of goods and services required by a person or family, as measured by the consumer price index (CPI) (See Indexing and Consumer Price Index )
The level of prices of goods and services required for a reasonable standard of living BACK TO TOP
average cost of basic necessities of life (as food and shelter and clothing); "a rise in the cost of living reflects the rate of inflation
The cost of living is the average amount of money that people in a particular place need in order to be able to afford basic food, housing, and clothing. Companies are moving jobs to towns with a lower cost of living. the amount of money you need to pay for the food, clothes etc you need to live. Monetary cost of maintaining a particular standard of living, usually measured by calculating the average cost of a number of goods and services. Measurement of the cost of a minimum standard of living is essential in determining relief payments, social-insurance benefits, and minimum wages. The cost of living is customarily measured by a price index such as the consumer price index. Measurements of change in the cost of living are important in wage negotiations. Cost-of-living measurements are also used to compare the cost of maintaining similar living standards in different areas. See also social insurance
the average price of providing the necessities for an individual; the cost of buying those goods and services which are considered to be a standard level of consumption
Describing an index or an increase in payment etc that is dependent upon the cost of living
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