Word
CPI
Phoneticscpi
Definition
n. Stands for Consumer Price Index. A number that shows how much the prices of everyday goods and services are changing. It helps people understand if life is becoming more expensive over time.
n. Abbreviation for Consumer Price Index. A statistical measure that examines the weighted average of prices of a basket of consumer goods and services. Used primarily as a macroeconomic indicator to track inflation and deflation trends.
Examples
“The government released the latest CPI figures this morning.”
“Economists predicted a slight rise in the CPI due to the recent increase in global energy costs.”
“Central banks closely monitor the CPI to determine whether to adjust interest rates in an effort to maintain price stability and curb excessive inflation.”
Examples
simple
“The government released the latest CPI figures this morning.”
contextual
“Economists predicted a slight rise in the CPI due to the recent increase in global energy costs.”
complex
“Central banks closely monitor the CPI to determine whether to adjust interest rates in an effort to maintain price stability and curb excessive inflation.”
Usage
Usually used with the definite article ('the CPI'). When used as a countable noun, it refers to the specific index of a particular country or region.
Real-World Examples
“Meanwhile, the main UK inflation measure, CPI, has dropped significantly since the high of 11.1% recorded in October 2022 as a result of the war in Ukraine.” “The main inflation measure is called the Consumer Prices Index (CPI) , external , and the latest figure is published every month.” Domain
Scan code
englishreference.com/q/cpi