consumer price index changes

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Definition of consumer price index changes in English English dictionary

consumer price index
A statistical estimate of the level of prices of goods and services bought for consumption purposes by households
consumer price index
An index of prices used to measure the change in the cost of basic goods and services in comparison with a fixed base period. Also called cost-of-living index. a list of the prices of products that shows how much prices have increased during a particular period of time. Measure of living costs based on changes in retail prices. Consumer price indexes are widely used to measure changes in the cost of maintaining a given standard of living. The goods and services commonly purchased by the population covered are priced periodically, and their prices are combined in proportion to their relative importance. This set of prices is compared with the initial set of prices collected in the base year to determine the percentage increase or decrease. The population covered may be restricted to wage and salary earners or to city dwellers, and special indexes may be used for special population groups (e.g., retirees). Such indexes do not take into account shifts over time in what the population buys; when modified to take subjective preferences into account, they are called constant-utility indexes. Consumer price indexes are available for more than 100 countries
consumer price index
an index of the cost of all goods and services to a typical consumer
consumer price index changes

    Hyphenation

    con·sum·er price in·dex changes

    Turkish pronunciation

    kınsumır prays îndeks çeyncız

    Pronunciation

    /kənˈso͞omər ˈprīs ˈəndeks ˈʧānʤəz/ /kənˈsuːmɜr ˈpraɪs ˈɪndɛks ˈʧeɪnʤəz/
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