CPI
United Kingdom
One of two consumer price indices used as the domestic measure of inflation in the UK (see also Retail Prices Index (RPI)). The CPI is published by the Office for National Statistics. It measures the average change from month to month in the prices of goods and services purchased by most households in the UK. The government uses the CPI as the basis for its inflation target.
The CPI uses the same basic price data as the RPI, but there are some differences. For example, the CPI:
• Does not include council tax and a number of housing costs but it does include charges for financial services which are not included in the RPI.
• Covers a broader population than the RPI.
• Adopts different mathematical formulae to calculate price changes.
• Has different classifications for goods and services.
For further information, see the Office for National Statistics website .
USA
A series of statistics measuring the average change from month to month in the prices paid by urban consumers for a representative group of goods and services. The CPI is published by the US Bureau of Labor Statistics, an agency of the US Department of Labor. The CPI is used to:
• Measure inflation.
• Adjust other economic series (for example, retail sales and earnings) for price change and to convert these series into inflation-free dollars.
• Adjust income payments to consumers (for example, cost of living adjustments to Social Security payments).
In commercial contracts, rate or price adjustments for future payment obligations are sometimes tied to the corresponding percentage change in a specific CPI index for a set period.
The most comprehensive CPI index is the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the US City Average, 1982-84 = 100. The US Bureau of Labor Statistics provides detailed information on the CPI: .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


CPI
Consumer Price Index

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • CPI — n. the {consumer price index}, an index of the cost of all goods and services to a typical consumer. The increase of this value each year is one measure of monetary inflation. [acronym] Syn: consumer price index, cost of living index. [WordNet… …   The Collaborative International Dictionary of English

  • cpi —   [Abk. für Characters per Inch, dt. »Zeichen pro Zoll«], Maß für die Breite einer Schrift. Es gibt an, wie viele Zeichen einer bestimmten Größe und Schriftart horizontal auf einer Länge von einem Zoll (engl. inch, 2,54 cm) untergebracht werden… …   Universal-Lexikon

  • CPI — (consumer price index) (Economics) comparison of the price of basic goods and services during a specific period versus the price of those goods and services during a base period (used as a measure of the rate of inflation) CPI (Characters Per… …   English contemporary dictionary

  • CPI — CPI  многозначная аббревиатура, в зависимости от контекста может расшифровываться как: Consumer price index  Индекс потребительских цен (индекс инфляции) Corruption Perceptions Index  Индекс восприятия коррупции Cost Performance… …   Википедия

  • .cpi — cpi,   Erweiterung für eine Datei, die Codepage Informationen für die Codeseite im Betriebssystem DOS enthält …   Universal-Lexikon

  • CPI — abbrev. consumer price index …   English World dictionary

  • cpi — abbrev. characters per inch …   English World dictionary

  • CPI(M) — Ein Propagandafahrzeug der CPI (M) in Ernakulam, Kerala (2004) Die Communist Party of India (Marxist) abgekürzt CPI(M) oder oft auch CPM ist die größte Linkspartei des Landes. Bei den Parlamentswahlen im Frühjahr 2004 kam sie auf 43 Sitze in der… …   Deutsch Wikipedia

  • CPI-M — Ein Propagandafahrzeug der CPI (M) in Ernakulam, Kerala (2004) Die Communist Party of India (Marxist) abgekürzt CPI(M) oder oft auch CPM ist die größte Linkspartei des Landes. Bei den Parlamentswahlen im Frühjahr 2004 kam sie auf 43 Sitze in der… …   Deutsch Wikipedia

  • CPI (M) — Ein Propagandafahrzeug der CPI (M) in Ernakulam, Kerala (2004) Die Communist Party of India (Marxist) abgekürzt CPI(M) oder oft auch CPM ist die größte Linkspartei des Landes. Bei den Parlamentswahlen im Frühjahr 2004 kam sie auf 43 Sitze in der… …   Deutsch Wikipedia

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