cost-of-living index

Definition

An inflationary indicator that measures the change in the cost of a fixed basket of products and services, including housing, electricity, food, and transportation. The cost-of-living index is published monthly. also called cost-of-living index. also called Consumer Price Index (CPI).

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You should always try and keep a close eye on the cost-of-living index so that you know how to market your product.

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In the past 6 months the cost-of-living index has actually risen 2 percent and has no downward trend for consumers.

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Fred was worried because the inflation rate was going up and his pension wasn't being adjusted based on the cost-of-living index.

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