Definition of Consumer price index (CPI) from the PharmacyDictionary.in

Consumer price index (CPI)

Synonyms or meaning of Consumer price index (CPI)

This is a price index constructed monthly from Bureau of Labor statistics of the retail prices of 400 goods and services sold in large cities across the country; it weighs products in terms of importance (in terms of total expenditures) and compares prices to those of a selected base year; it expresses current expenditures as a percentage of the base.

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