Meaning | An index that traces the relative changes in the price of an individual good (or a market basket of goods) over time. |
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Synonym | price level |
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Narrower | consumer price index, CPI, cost-of-living index | An index of the cost of all goods and services to a typical consumer |
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producer price index, wholesale price index | An index of changes in wholesale prices |
retail price index | An index of changes in retail prices |
Broader | index, index number, indicant, indicator | A number or ratio (a value on a scale of measurement) derived from a series of observed facts |
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Spanish | índice de precios |
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Catalan | índex de preus |
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