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TeachMeFinance.com - explain Consumer Price Index Consumer Price Index The term 'Consumer Price Index ' as it applies to the area of Medicare in the United States can be defined as ' A measure of the average change in prices over time in a fixed group of goods and services. In this report, all references to the CPI relate to the CPI for Urban Wage Earners and Clerical Workers (CPI-W)'. Previous 5 Terms: consulting forester consumer Consumer (energy) Consumer Assessment Of Health Plans Study (Cahps) Consumer charge Next 5 Terms: Consumer Price Index (CPI) Consumer Price Index (CPI-U) Consumer Self-Report Data Consumer subsidy equivalent (CSE) Consumer surplus 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.