Term of the Day: consumer price index (CPI)- A measure of changes in the purchasing-power of a currency and the rate of inflation. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power. It is one of the best known lagging indicators. See also producer price index.
Posted on: Fri, 31 May 2013 16:28:31 +0000
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