Consumer Price Index (CPI) |
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The most commonly-used measure of inflation and cost-of-living. The CPI is based on changes in the cost of a market basket of urban consumer goods and services. The index, reported monthly, is used to measure consumer inflation and to translate retail sales and weekly earnings into real (or inflation-free) dollars. CPI is intended to measure price change from the perspective of the consumer. See also: Consumer Price Index Home Page | |||