The consumer price index is a cost-of-living index.

Name: The consumer price index is a cost-of-living index.
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The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, while a cost-of-living index would measure changes over time in the amount that consumers need to spend to reach a certain utility level or standard of living.

The Consumer Price Index Is a Cost-Of-Living Index