Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Consumer Price Index (CPI)”
  • Consumer Price Index (CPI)

    A measure of changes in the average price of consumer goods and services. A price index constructed monthly by the U.S. Bureau of Labor Statistics that provides a statistical measure of the average change in prices in a fixed market basket of goods and services. It is frequently called a cost-of-living index.

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