Definitions

1. noun

A measure of the average change in the prices of a basket of goods and services over a specific period, usually used as an indicator of inflation.

“The cpi rose significantly over the past year, impacting the purchasing power of consumers.”

2. initialism

Consumer Price Index, a statistical measure of the average change in prices of a basket of goods and services over time.

“The cpi data was used to inform economic policy decisions.”