|Definition||:||Consumer Price Index|
|Category||:||Business » Business Terms|
What does CPI mean?
A Consumer Price Index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI, in the United States is defined by the Bureau of Labor Statistics as “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.”
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||CPI||Consumer Price Index|
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Frequently Asked Questions (FAQ)
What is the full form of CPI in U.S?
The full form of CPI is Consumer Price Index