Finance glossary
CPI
Definition
Consumer Price Index, which measures the average change in prices paid by consumers.
The Consumer Price Index tracks the weighted average price of a basket of consumer goods and services including food, housing, transportation, and medical care. It is the primary measure of inflation in the U.S. Core CPI strips out food and energy due to their volatility.
In a sentence
The latest CPI report showed prices rising faster than expected, rattling the markets.
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