Consumer price index (消费者价格指数)

Consumer price index (消费者价格指数 xiāo fèi zhě jià gé zhǐ shù) refers to a measurement of change in prices of a basket of commonly purchased goods and services in a base period. The change in CPI represents the change in the average price level, hence indicates the amount of inflation over a specific time period. It also gives an idea of the cost of living by measuring the purchasing power of a country’s currency.

Part 1: Breakdown of Words

  • “Consumer” (消费者 xiāo fèi zhě) derives from:
    • ” (xiāo) as in “offset” (抵消 dǐ xiāo), “wipe out” (消灭 xiāo miè), or “conume” (消耗  xiāo hào).
    • ” (fèi) as in “tuition” (学费 xué fèi), “fee” (费用 fèi yòng), or “strenuous” (费力 fèi lì).
    • ” (zhě) as in “journalist” (记者 jì zhě), “reader” (读者 dú zhě), or “scholar” (学者 xué zhě).
  • “Price” (价格 jià gé) derives from:
    • ” (jià) as in “value” (价值 jià zhí), or “cost” (代价 dài jià).
    • ” (gé) as in “format” (格式 gé shì), “grid” (格子 gé zi), or “setup” (格局 gé jǔ).
  • “Index” (指数 zhǐ shù) as in “NASDAQ Composite index” (纳斯达克综合指数 nà sī dá kè zòng hé zhǐ shù).
    • ” (zhǐ) as in “finger” (手指 shǒu zhǐ), “pointer” (指针 zhǐ zhēn), or “point out” (指出 zhǐ chū).
    • ” (shù) as in “digit” (数字 shù zì), or “Mathematics” (数学 shù xué).
» Add a new term or correction« Back to Glossary Index