COST-OF-LIVING INDEX • FREE TRANSLATOR.ORG • Definition of Cost-of-living index

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/kɑst-əv-lˈɪvɪŋ ˈɪndɛks/ Listen

Cost-of-living index

noun

An index of the cost of all goods and services to a typical consumer. Synonyms: consumer price index, CPI.

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Etymology of 'Cost-of-living index'

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"Cost-of-living index" Quotes from Famous Books

... increase over 1 cent a pound; cheese, in addition to the increase of 4 cents now planned for the latter part of this month, will go up an additional 8 cents. In terms of percentages we may find the cost-of-living index for food increased by more than 8 percent, which in turn would result in more than a 3-percent increase in the cost ...

— Complete State of the Union Addresses from 1790 to the Present • Various