Consumer Price Index

{
  "id": "MLC-T-AGR-001501",
  "term": "Consumer Price Index",
  "field": "Agriculture and food",
  "definition": "The Bureau of Labor Statistics' general measure of retail prices (for goods and services) paid by urban wage earners and clerical workers. Includes prices of about 400 items, including food, clothing, housing, medical care, and transportation. The CPI-U is commonly used to deflate time series data and is the most widely accepted measure of inflation.",
  "abbreviation": "CPI",
  "subject": "Economics, Trade, Law, Business, Industry",
  "see_also": [
    "economic indicators",
    "Producer Price Index",
    "inflation",
    "market prices"
  ],
  "references": [
    "Agriculture: A Glossary of Terms, Programs, and Laws. Congressional Research Service Report for Congress, 2005.",
    "NAL Agricultural Thesaurus and Glossary"
  ],
  "translations": {
    "es": "Índice de precios al consumidor"
  },
  "url": "https://mlchart.com/terminology/agriculture/consumer-price-index/"
}