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Meaning of consumer price index | Babel Free

Noun CEFR C1

Definitions

A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.

Equivalents

Examples

“The latest consumer price index (CPI) figures—which measure a broad range of goods and services—showed prices rising by a monthly rate of 0.3% in April, down from 1.2% in March, the first fall since August 2021.”

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

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