What Does CPI Stand For?
CPI stands for Consumer Price Index
The Consumer Price Index (CPI) is a vital economic indicator that measures the average change over time in the price level of a basket of consumer goods and services purchased by households. It is used to assess price stability, inform monetary policy, and calculate inflation rates, reflecting the purchasing power of consumers and cost-of-living adjustments. The CPI is widely utilized by government agencies, economists, and businesses to analyze economic trends and make informed financial decisions.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym