Meaning of "consumer price index" in the English dictionary

PRONUNCIATION OF CONSUMER PRICE INDEX

consumer price index  [kənˈsjuːmə praɪs ˈɪndɛks]

GRAMMATICAL CATEGORY OF CONSUMER PRICE INDEX

Consumer price index is a noun.

A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES CONSUMER PRICE INDEX MEAN IN ENGLISH?

Consumer price index

A consumer price index measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI in the United States is defined by the Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.

Definition of consumer price index in the English dictionary

The definition of consumer price index in the dictionary is a measure of the average price of goods and services purchased by consumers, used as an index of inflation.

TRANSLATION OF CONSUMER PRICE INDEX

Find out the translation of consumer price index to 25 languages with our English multilingual translator.

The translations of consumer price index from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «consumer price index» in English.

• Translator English - Chinese: 居民消费价格指数
• Translator English - Spanish: Índice de precios al consumidor
• English: consumer price index
• Translator English - Hindi: उपभोक्ता मूल्य सूचकांक
• Translator English - Arabic: مؤشر أسعار المستهلكين
• Translator English - Russian: Индекс потребительских цен
• Translator English - Portuguese: Índice de preços ao consumidor
• Translator English - Bengali: ভোক্তা মূল্য সূচক
• Translator English - French: indice des prix à la consommation
• Translator English - Malay: Indeks Harga Pengguna
• Translator English - German: Verbraucherpreisindex
• Translator English - Japanese: 消費者物価指数
• Translator English - Korean: 소비자 물가 지수
• Translator English - Javanese: Indeks rega konsumen
• Translator English - Vietnamese: Chỉ số giá tiêu dùng
• Translator English - Tamil: நுகர்வோர் விலை குறியீட்டு எண்
• Translator English - Marathi: ग्राहक मुल्य निर्देशांक
• Translator English - Turkish: Tüketici fiyat endeksi
• Translator English - Italian: indice dei prezzi al consumo
• Translator English - Polish: Indeks cen konsumpcyjnych
• Translator English - Ukrainian: Індекс споживчих цін
• Translator English - Romanian: indicele prețurilor de consum
• Translator English - Greek: δείκτη τιμών καταναλωτή
• Translator English - Afrikaans: verbruikersprysindeks
• Translator English - Swedish: konsumentprisindex
• Translator English - Norwegian: konsumprisindeksen

QUOTES WITH «CONSUMER PRICE INDEX»

Famous quotes and sentences with the word consumer price index.

1

Charles Vest

We have been restraining the growth of the cost of education-that is, tuition, room and board-to be within approximately one and a half percentage points of the consumer price index.

10 ENGLISH BOOKS RELATING TO «CONSUMER PRICE INDEX»

Discover the use of consumer price index in the following bibliographical selection. Books relating to consumer price index and brief extracts from same to provide context of its use in English literature.

Consumer Price Index Manual: Theory and Practice

This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved.

International Labour Office, 2004

Consumer Price Index Manual: Theory and Practice

The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time.

International Monetary Fund, 2004

Getting Prices Right: The Debate Over the Consumer Price Index

Getting Prices Right presents the work at the center of this debate - the report of the congressionally appointed Advisory Commission to Study the Consumer Price Index, popularly known as the Boskin Commission - and critically evaluates its ...

Dean Baker, 1998

Principles of Economics

That is exactly the job of a statistic called the consumer price index. After seeing how the consumer price index is constructed, we discuss how we can use such a price index to compare dollar figures from different points in time. The consumer ...

N. Mankiw, 2011

Final Report of the Advisory Commission to Study the ...

Despite important BLS updates and improvements in the Consumer Price Index, it is likely that changes in the CPI have substantially overstated the actual rate of price inflation. Moreover, revisions have not been carried out in a way that can ...

William V. Roth, Jr., 1996

Principles of Macroeconomics

That is exactly the job of a statistic called the consumer price index. After seeing how the consumer price index is constructed, we discuss how we can use such a price index to compare dollar figures from different points in time. The consumer ...

N. Mankiw, 2014

News: The consumer price index

Planned Changes in the Consumer Price Index in 2004 Expenditure Weight Update Effective with release of data for January 2004, the Bureau of Labor Statistics (BLS) will update the consumption expenditure weights in the Consumer Price ...

The consumer price index: a layman's guide

What is the Consumer Price Index? 1 [I. How is the Consumer Price Index compiled? 4 Selecting the cities 4 Determining the market basket 4 Selecting items to be priced 5 Collecting prices for the index 6 General procedure 6 Pricing specific ...

United States. Bureau of Labor Statistics, Mary S. Bedell, 1953

Consumer Price Index Manual: Theory and Practice (EPub)

International Monetary Fund. 13 Publication, dissemination and user relations 227 Introduction 227 Time series presentation of level and change 227 Seasonal adjustment and smoothing of the index 228 Analysis of contributions to change ...

International Monetary Fund, 2004

Consumer Price Index: Update of Boskin Commission's Estimate ...

The Bureau of Labor Statistics (BLS) produces the Consumer Price Index (CPI) by measuring the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The selection of items for ...

Nancy R. Kingsbury, 2000

10 NEWS ITEMS WHICH INCLUDE THE TERM «CONSUMER PRICE INDEX»

Find out what the national and international press are talking about and how the term consumer price index is used in the context of the following news items.

Budget preview: Osborne promises measures to 'secure Britain's …

... people watching via the online iPlayer, and the licence fee is expected to rise in line with the consumer price index (CPI) measure of inflation. «Norfolk Eastern Daily Press, Jul 15»

UK summer budget 2015: George Osborne will roll out welfare cuts …

... people watching via the online iPlayer, and the licence fee is expected to rise in line with the consumer price index (CPI) measure of inflation. «Metro, Jul 15»

This attack on the BBC is scandalous

The link to the consumer price index is welcome but will not involve much more money in a low-inflation era. The bill for the free over-75 ... «The Guardian, Jul 15»

Government increases daily minimum wage to Rs 160 per day

It has raised the threshold after two years on the basis of average increase in the consumer price index for industrial workers during this period. «Economic Times, Jul 15»

George Davis: Putting economics on the plate

According to STATIN, the consumer price index (CPI) in August 2002 was 63.1 points. The CPI in August 2014 was 221 points. In August 2002 ... «Jamaica Gleaner, Jul 15»

Kuwait's consumer price index inches down

Inflation in the consumer price index (CPI) inched down from 3.4% year-on-year (y/y) in April to 3.3% y/y in May,(Chart 1)amid a slowdown or ... «Zawya, Jul 15»

INTUC seeks to review consumer price index

KANNUR: The state government should re-examine the consumer price index (CPI) announced recently as it has many flaws and would not ... «Times of India, Jul 15»

Turkey's consumer price index drops in June

The Consumer Price Index dropped 0.51 percent in June from May, bringing the annual inflation rate to 7.20 percent in June from 8.09 percent ... «Hurriyet Daily News, Jul 15»

Turkey Consumer Price Index (MoM) dipped from previous 0.56% to …

Composed by a group of 14 economic journalists and 3 FX experts the FXStreet content team produces and supervises the contents published ... «FXStreet, Jul 15»

Bulgaria's harmonised consumer price index down 0.3% in May

Sofia. In May 2015 the harmonised index of consumer prices decreased by 0.3% compared to May 2014, show the data of Bulgaria's National ... «Focus News, Jul 15»