Data Intelligence PH
Consumer price index
An index tracking prices for a defined consumer basket under an official method.
Before using the term
It does not measure the exact spending or input costs of every household or business.
Make the definition usable
Record the unit, source, observation period and inclusion rules in the report where this term appears. A shared label alone does not make two measures comparable.
Further reference: PSA OpenSTAT. This definition is an original educational summary.