Concept information
Preferred term
Consumer Price Index
Type
-
Topic
Definition
-
The Bureau of Labor Statistics' general measure of retail prices (for goods and services) paid by urban wage earners and clerical workers. Includes prices of about 400 items, including food, clothing, housing, medical care, and transportation. The CPI-U is commonly used to deflate time series data and is the most widely accepted measure of inflation.
Broader concept
Synonyms
- CPI (Consumer Price Index)
In other languages
-
Spanish
URI
https://lod.nal.usda.gov/nalt/28675
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