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TeachMeFinance.com - explain Consumer Price Index (CPI-U) Consumer Price Index (CPI-U) The term 'Consumer Price Index (CPI-U) ' as it applies to the area of agriculture can be defined as ' 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'. Previous 5 Terms: Consumer (energy) Consumer Assessment Of Health Plans Study (Cahps) Consumer charge Consumer Price Index Consumer Price Index (CPI) Next 5 Terms: Consumer Self-Report Data Consumer subsidy equivalent (CSE) Consumer surplus Consumer Survey Data Consumer-oriented agricultural products About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.