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consumer price index

noun

Definitions

  1. A statistical estimate of the level of prices of goods and services bought for…

    A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.

    • The latest consumer price index (CPI) figures—which measure a broad range of goods and services—showed prices rising by a monthly rate of 0.3% in April, down from 1.2% in March, the first fall since August 2021.

The neighborhood

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA