|
|
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 Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Consumer finance companyConsumer finance companySee: Finance company Consumer surplusConsumer surplusThe 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 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. Consumer interestConsumer interestInterest paid on consumer loans; e.g., interest on credit cards and retail purchases. Further SuggestionsConsumer creditConsumer support estimate Change in consumer surplus Consumer debenture Consumer Advisory Council (CAC) Consumer movement consumer durables Consumer durables Consumer goods |
|
|
|