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Definition of

consumer price index

Economics

benchmark of basic retail prices an index of the prices of goods and services purchased by consumers, used to measure the cost of living or the rate of inflation in an economy.

Related definitions of "consumer price index"

Recommended Further Reading (Term count)
  • Steering Between Deflation and Inflation—A Troubled Road for Developed Economies
    by Neil Williams
    The primary view that seems to be dominating the developed economies as we go into the last quarter of 2010 is that central banks and governments should play a “loose for longer” game, which means avoiding raising interest rates and avoiding tightening fiscal policy. Their motive for staying loose is to fight deflationary pressures in the economy. No one wants to see another major economy going down the route that took Japan into its two lost...

Definitions of ’consumer price index’ and meaning of ’consumer price index’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’consumer price index’ and other financial terms with our online QFINANCE Financial Dictionary.

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