Define the consumer price index
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n. early 15c., "one who squanders or wastes," agent noun from extreamsoft.info economic sense, "one who uses up goods or articles" (opposite of producer) from Consumer goods is attested from In U.S., consumer price index calculated since , tracking "changes in the prices paid by urban consumers for a representative basket of goods and services" [Bureau of Labor Statistics. The Consumer Price Index (CPI) measures the average change in the prices paid for a market basket of goods and services. These items are purchased for consumption by the two groups covered by the index: All Urban Consumers (CPI-U) and Urban Wage Earners and .
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