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consumer price index

/kənˈsjuːmə praɪs ˈɪndeks/

1 entry

phrase

/kənˈsjuːmə praɪs ˈɪndeks/C1formalbusiness
  • ruЭкономический показатель, который отслеживает среднее изменение с течением времени цен, уплачиваемых городскими потребителями за рыночную корзину потребительских товаров и услуг.

An economic measure that examines the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

  1. Economic indicatorC1formal

    A measure that examines the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

    ruЭкономический показатель

    • The consumer price index rose by 0.3% last month.
    • Economists use the consumer price index to track inflation.
    • A high consumer price index indicates rising living costs.