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What does consumer price index mean?

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What does consumer price index mean?

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Sense 1consumer price index [BACK TO TOP] Meaning: An index of the cost of all goods and services to a typical consumer Classified under: Nouns denoting communicative processes and contents Synonyms: consumer price index; cost-of-living index; CPI Hypernyms (“consumer price index” is a kind of…): price index; price level (an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time)

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