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Preferred term

Consumer Price Index  

Definition

  • The consumer price index (CPI) is a price index whose movement reflects changes in the prices of goods and services purchased by the average consumer. It is the ratio of the cost of a basket of goods and services at current prices to the value of the identical items at constant prices of a base year. [Source: Encyclopedia of Health Care Management; Consumer Price Index (CPI)]

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URI

https://concepts.sagepub.com/social-science/concept/Consumer_Price_Index

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