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

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Meanwhile, the latest consumer price index came in below expectations again, but still showed signs that tariffs were putting upward pressure on inflation as well as indications that weak demand may be limiting the ability of businesses to hike prices even higher. Jason Ma, Fortune, 20 July 2025 Last month, the overall consumer price index rose 2.7% and the index for urban wage earners increased 2.6%. Brandi D. Addison, Austin American Statesman, 19 July 2025 The consumer price index popped to a 2.7 percent annual increase in June from 2.4 percent in May and 2.3 percent in April, marking the second month in a row of aggregate prices rises. Tobias Burns, The Hill, 17 July 2025 Combined with Tuesday's consumer price index release, the data suggests that President Donald Trump's tariffs are indicating only a marginal bite on the U.S. economy and the prices for goods and services. Jeff Cox, CNBC, 16 July 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 25 Jul. 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

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