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Consumer Price Index

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Consumer Price Index (CPI)
The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month.

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Private owners, public agencies that do budgeting and design and contractors should all be aware that construction materials prices are likely to keep rising at a much faster rate than the 3-to-4-percent increase in the consumer price index (CPI) or broad producer price index (PPI) for finished goods," says AGC's Chief Economist Ken Simonson.
The August Consumer Price Index and Producer Price Index reports suggest inflationary forces are tame.
 
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