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CPI

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CPI
Short for consumer price index.
    
A measure of the cost of living determined by the Bureau of Labor Statistics. A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
Posted by  LISA Life Insurance Settlement Association
 
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