|
|
Consumer price index |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Consumer price indexA 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 IndexThe 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 indexAn 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 MatchesConsumer interestConsumer interestInterest paid on consumer loans; e.g., interest on credit cards and retail purchases. Consumer finance companyConsumer finance companySee: Finance company National Foundation for Consumer CreditNational Foundation for Consumer CreditA 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. Change in consumer surplusChange in consumer surplusThe change in consumer surplus due to a change in market conditions, usually a price change. For a price change, it is measured by the area to the left of the demand curve between the two prices, indicating a gain if price falls and a loss if it rises. Consumer movementConsumer movementOne of four modes of supply of traded services, this one entails the buyer moving (temporarily) to the foreign location of the seller, as in the case of tourism. Further SuggestionsConsumer surplusconsumer durables Consumer durables Consumer debenture Consumer Advisory Council (CAC) Consumer credit Consumer Credit Protection Act of 1968 Consumer support estimate Consumer goods |
|
|
|