consumer price index

noun

: an index measuring the change in the cost of typical wage-earner purchases of goods and services expressed as a percentage of the cost of these same goods and services in some base period

called also cost-of-living index

Examples of consumer price index in a Sentence

Recent Examples on the Web
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Here are the results for other key components of the consumer price index report for the Bay Area. George Avalos, Mercury News, 12 Sep. 2025 The Social Security Administration bases its COLA each year on average annual increases in the consumer price index for urban wage earners and clerical workers (CPI-W) from July through September. Medora Lee, USA Today, 11 Sep. 2025 Another economic report stole the consumer price index's thunder, with investors focusing more on a jump in jobless claims than the latest inflation figures. Fred Imbert, CNBC, 11 Sep. 2025 The contract includes an annual base salary increase of 3.85% in year one, 2.5% in year two and at least 2% in years three and four, the latter dependent on the consumer price index, which could exceed 2%, the union said. Michelle Mullins, Chicago Tribune, 4 Sep. 2025 See All Example Sentences for consumer price index

Word History

First Known Use

1945, in the meaning defined above

Time Traveler
The first known use of consumer price index was in 1945

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Cite this Entry

“Consumer price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20price%20index. Accessed 18 Sep. 2025.

Legal Definition

consumer price index

noun
consumer price in·​dex
: an index measuring the change in the cost of typical wage-earner purchases of goods and services in some base period

called also cost-of-living index

More from Merriam-Webster on consumer price index

Last Updated: - Updated example sentences
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