CONSUMER PRICE INDEX Definition

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CONSUMER PRICE INDEX (CPI) is the measure of change in consumer prices as determined by a monthly survey by the U.S. Bureau of Labor Statistics. Among the CPI components are the costs of food, housing, transportation, and electricity (i.e., the average cost of a "basket" of goods and services). Also known as the cost-of-living index.

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PREFERRED CREDITOR is a creditor whose account takes legal preference for payment over the claims of others.

NONCALLABLE is a bond exempt from call by the issuer for a stated period of time.

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