cost of living

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Related to Cost of living index: consumer price index, Cost Of Living Adjustment

Cost of Living

The amount one must pay to maintain one's standard of living. That is, the cost of living measures how much one must spend to finance one's lifestyle. Cost of living varies by area; it may be lower in a small city, for example, than in a large city. Changes to the cost of living are related to, but are distinct from, underlying inflation. For example, gasoline prices may rise faster than inflation, which may increase the cost of living more than inflation itself does.

cost of living

the general level of prices of goods and services measured in terms of a PRICE INDEX. To protect people's living standards from being eroded by price increases (INFLATION), wage contracts and old-age pensions, etc., sometimes contain cost-of-living adjustment provisions that automatically operate to increase wages, pensions, etc., in proportion to price increases. See INDEXATION.
References in periodicals archive ?
7 was derived implying that relative to 1999, cities with a relatively high cost of living index have now become cheaper.
3% NATIONAL DEBT PER HEAD : pounds 11,726 COST OF LIVING INDEX : 5.
The ACCRA Cost of Living Index measures prices of goods and services among participating urban and suburban areas.
The higher a city's ranking in the website's Cost of Living Index - which excludes rent - indicates more affordability in terms of consumer good prices, including groceries, restaurants, transportation and utilities.
The big irony is that for the three years that CoLA was suspended the cost of living index had been on a downward path which would have led to cuts in wages.
We generally see little cross-country movements in our Cost of Living Index," Numbeo Doo chief executive Mladen Adamovic told the GDN.
Rents in Bahrain are the 13th most expensive in the world on average, according to the Numbeo Cost of Living Index 2015, reported the Gulf Daily News (GDN), our sister publication.
The living wage is calculated on the cost of living index and should be a legal entitlement to all employees in both the public and private sectors.
Dubai Residents can heave a sigh of relief as the city dropped 16 places lower than last year in the recent Cost of Living index of 131 cities by the Economist Intelligence Unit.
ISTANBUL, Sep 1, 2010 (TUR) -- Cost of living index for wage earners in Istanbul, a major indicator for retail price movements, was up 0.
Our Cost of Living index compiled with trade bible The Grocer shows a basket of 25 staples has leapt in price by 3% year on year.
However, month-to-month, the cost of living index increased 0.