Consumer price index


 

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Consumer price index

A price index for the goods purchased by consumers in an economy, usually based on only a small sample of what they consume. Commonly used to measure inflation. Contrasts with the implicit price deflator.

Consumer Price Index

The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month.

Consumer price index

An index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments.



Similar Matches

Consumer Credit Protection Act of 1968

Consumer Credit Protection Act of 1968

Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending.


Consumer finance company

Consumer finance company

See: Finance company


Consumer surplus

Consumer surplus

The difference between the maximum that consumers would be willing to pay for a good and what they actually do pay. For each unit of the good, this is the vertical distance between the demand curve and price. For all units purchased at some price, it is the area below the demand curve and above the price. Normally useful only as the change in consumer surplus.


National Foundation for Consumer Credit

National Foundation for Consumer Credit

A nonprofit organization that seeks to help consumers who have taken on too much debt by helping them work out payment plans and supplying credit counseling.


Consumer interest

Consumer interest

Interest paid on consumer loans; e.g., interest on credit cards and retail purchases.


Further Suggestions

Consumer credit
Consumer support estimate
Change in consumer surplus
Consumer debenture
Consumer Advisory Council (CAC)
Consumer movement
consumer durables
Consumer durables
Consumer goods


 
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