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consumer price index |
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Consumer Price Index: see cost of living cost of living, amount of money needed to buy the goods and services necessary to maintain a specified standard of living . The cost of living is closely tied to rates of inflation and deflation. ..... Click the link for more information. . consumer price index (CPI)Measure of living costs based on changes in retail prices. Consumer price indexes are widely used to measure changes in the cost of maintaining a given standard of living. The goods and services commonly purchased by the population covered are priced periodically, and their prices are combined in proportion to their relative importance. This set of prices is compared with the initial set of prices collected in the base year to determine the percentage increase or decrease. The population covered may be restricted to wage and salary earners or to city dwellers, and special indexes may be used for special population groups (e.g., retirees). Such indexes do not take into account shifts over time in what the population buys; when modified to take subjective preferences into account, they are called constant-utility indexes. Consumer price indexes are available for more than 100 countries. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Year-to-year percentage increases in rental fees for all communities exceed percentage increases in broad consumer price indices over the same period; European sovereigns are expected to ramp-up sales of inflation-linked bonds to referenced domestic consumer price indices and the focus still remains firmly on the credit derivatives markets, which are set to transform credit markets in the same way derivatives did with interest rate markets in the early 1980s. The Definitions provide uniform index descriptions for the major global consumer price indices and fallback provisions in the event of a delay or disruption in publication of one of those indices. |
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consumer price indices
