Consumer Price Index (CPI) is the consumer price index (CPI) is a monthly gauge of inflation that measures changes in the prices of basic goods and services, such as housing, food, clothing, transportation, medical care, and education. Compiled monthly by the US Bureau of Labor Statistics, the CPI often incorrectly referred to as the cost-of-living index is used as a benchmark for making adjustments in Social Security payments, wages, pensions, and tax brackets to keep them in tune with the buying power of the dollar.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Consumer Price Index (CPI). Retrieved September 22, 2026, from http://smartdefine.org/consumer_price_index_(cpi)/definitions/1150609 |
| Chicago | Barry Goldsmith. 2010. "Consumer Price Index (CPI)" http://smartdefine.org/consumer_price_index_(cpi)/definitions/1150609 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, Consumer Price Index (CPI), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/consumer_price_index_(cpi)/definitions/1150609>. |
| MLA | Barry Goldsmith. "Consumer Price Index (CPI)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/consumer_price_index_(cpi)/definitions/1150609> |