TeachMeFinance.com - explain Consumer Price Index
consumer price index (CPI) -- An index of the cost of living commonly
used to measure inflation . The Bureau of Labor Statistics publishes the
CPI-U, an index of consumer prices based on the typical market basket of
goods and services consumed by all urban consumers during a base period,
and the CPI-W, an index of consumer prices based on the typical market
basket of goods and services consumed by urban wage earners and clerical
workers during a base period.
Consumer price index -- A measure of the U.S. cost of living as tabulated by the U.S. Bureau of Labor Statistics based on the actual retail prices of a variety of consumer goods and services at a given time and compared to a base period that is changed from time to time.
Consumer Price Index -- a monthly measure of changes in the prices of goods and services consumed. The index is compiled by the U.S. Bureau of Labor Statistics.
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