consumer price index

USAGE SUMMARY

The phrase "consumer price index" is correct and usable in written English. You can use it when discussing inflation, economic indicators, or cost of living adjustments. For example, "The consumer price index rose by 2% over the past year." Alternative expressions include "cost of living index" and "price level index."

✓ Grammatically correct

News & Media

Academia

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

52 human-written examples

Consumer Price Index for September.

Independent

See also consumer price index.

Britannica

The consumer price index measures inflation.

The New York Times

We have inflation measured by a Consumer Price Index.

Yale University

such Consumer Price Index for the calendar year 1975.

Cornell University

Consumer Price Index means the national "Consumer Price Index - All Urban Consumers" published by the Department of Labor.

Cornell University

Human-verified similar examples from authoritative sources

Similar Expressions

8 human-written examples

Until 1983, the Consumer Price Index included housing costs.

The New York Times

You can have that change in the consumer price index.

The New York Times

How about that old standby, the consumer price index?

Huffington Post

Costs were adjusted to 2006 Canadian Dollars using the Canadian Consumer Price Index [ 14].

BMC Medical Research Methodology

Inflation, as measured by the consumer-price index, is mild.

The Economist

Expert writing Tips

Best practice

When discussing the "consumer price index", specify the reporting period (e.g., monthly, annual) for clarity.

Common error

Avoid using "consumer price index" interchangeably with GDP or unemployment rate. The CPI specifically measures changes in the price level of consumer goods and services, whereas other indicators reflect different aspects of economic performance.

Linguistic Context

The phrase "consumer price index" functions primarily as a noun phrase. It serves to name a specific statistical measure. Ludwig AI confirms this usage through numerous examples where the phrase acts as the subject or object of a sentence.

Expression frequency: Very common

Frequent in

News & Media

35%

Academia

25%

Science

15%

Less common in

Encyclopedias

10%

Formal & Business

5%

Reference

0%

Ludwig's WRAP-UP

The phrase "consumer price index" is a very common noun phrase used to describe a statistical measure of inflation and changes in the cost of living. Ludwig AI confirms its correct grammatical status. It appears frequently in news, academic, and scientific contexts, indicating its widespread importance. The term is generally used in a neutral to professional register. Related phrases include "CPI", "cost of living index", and "inflation rate". When using the phrase, it's essential to specify the reporting period for clarity and avoid confusing it with other economic indicators such as GDP or unemployment rate.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

CPI

This is the acronym for "consumer price index".

cost of living index

This term refers to a similar measure of price changes affecting consumers.

inflation rate

This indicates the rate at which the general level of prices for goods and services is rising, often tracked by the CPI.

price level

This term describes the average of current prices across the entire spectrum of goods and services produced in the economy.

purchasing power

This refers to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

deflation rate

This is the opposite of inflation, indicating a decrease in the general price level of goods and services.

wholesale price index

This measures the changes in prices of goods at the wholesale level, which can influence consumer prices.

retail price index

This is another measure of inflation that tracks the changes in prices of a basket of retail goods and services.

producer price index

This measures the average change over time in the selling prices received by domestic producers for their output.

core inflation rate

This is a measure of inflation that excludes volatile items like food and energy prices to provide a more stable view of underlying inflation trends.

FAQs

How is the "consumer price index" used in economic analysis?

The "consumer price index" (CPI) is used to measure inflation, adjust wages, and analyze purchasing power. It helps economists and policymakers understand price trends and make informed decisions.

What's the difference between "consumer price index" and "producer price index"?

The "consumer price index" (CPI) measures the average change in prices paid by urban consumers for a basket of goods and services. The "producer price index" (PPI), on the other hand, measures the average change in prices received by domestic producers for their output.

How does the "consumer price index" affect my salary?

Some salaries and contracts are adjusted based on the "consumer price index" to account for inflation. This ensures that purchasing power remains relatively constant over time.

Where can I find the latest "consumer price index" data?

The "consumer price index" data is typically released monthly by government agencies like the Bureau of Labor Statistics (BLS) in the United States. You can find the reports on their official website.