##  [Consumer Price Index (CPI)](/index.php/consumer-price-index-cpi) 

  ##  [Consumer Price Index (CPI)](https://social.quantumdictionary.io/consumer-price-index-cpi-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

A statistical measure that tracks the average change over time in the prices paid by a defined population of consumers (commonly urban households) for a representative basket of goods and services, constructed using specified item weights and reference periods to approximate changes in the cost of maintaining a consumption pattern.