Meaning of the word cpi in English

What does cpi mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cpi

Noun

1.

abbreviation for consumer price index: a list of the prices of basic goods and services, showing how they change each month. The CPI is usually used to measure inflation:

Example:
About 55% of the CPI measures the cost of services, ranging from health care to airline fares.
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