Consumer Price Index
E52520
The Consumer Price Index is a key economic indicator that measures changes over time in the average prices paid by consumers for a basket of goods and services, commonly used to track inflation and adjust income-related benefits.
Aliases (5)
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic indicator
→
price index → statistical measure → |
| abbreviation |
CPI
→
|
| appliesTo |
consumer sector
→
|
| basedOn |
basket of goods and services
→
|
| calculatedBy |
government statistical offices
→
national statistical agencies → |
| calculatedUsing |
household expenditure weights
→
price surveys → |
| differsFrom |
GDP deflator
→
Producer Price Index → |
| domain |
macroeconomics
→
price statistics → |
| hasComponent |
education
→
food → goods → housing → medical care → recreation → services → transportation → |
| hasProperty |
base period equals 100
→
expressed as an index number → often published monthly → published at regular intervals → weighted average of prices → |
| hasVariant |
CPI excluding food and energy
→
CPI for urban consumers → CPI for wage earners → core CPI → headline CPI → |
| measures |
changes in consumer prices over time
→
inflation at the consumer level → |
| relatedTo |
cost of living
→
inflation rate → purchasing power → real income → |
| usedFor |
adjusting income-related benefits
→
contract indexation → cost-of-living adjustments → deflating nominal economic series → economic policy decisions → indexing pensions → indexing social security payments → indexing tax brackets → indexing wages → monetary policy analysis → tracking inflation → |
Referenced by (11)
| Subject (surface form when different) | Predicate |
|---|---|
|
Consumer Price Index
("CPI for urban consumers")
→
Consumer Price Index ("CPI for wage earners") → |
hasVariant |
|
Consumer Price Index
("CPI")
→
|
abbreviation |
|
CPIF
("Consumer Price Index with a Fixed Interest Rate")
→
|
abbreviationOf |
|
CPIF
("CPI")
→
|
basedOn |
|
United States Social Security system
→
|
COLABasis |
|
CPIF
("Consumer Price Index with a Fixed Interest Rate")
→
|
fullName |
|
Canada Pension Plan
("Consumer Price Index of Canada")
→
|
indexationMeasure |
|
Social Security Amendments of 1972
→
|
indexingMeasure |
|
BLS
→
|
publishes |
|
CPIF
("CPI")
→
|
relatedTo |