cost-of-living index Synonyms
No Synonyms and anytonyms found
cost-of-living index Meaning
Wordnet
cost-of-living index (n)
an index of the cost of all goods and services to a typical consumer
cost-of-living index Sentence Examples
- Economists use the cost-of-living index to measure changes in the average prices of goods and services over time.
- The government relies on the cost-of-living index to adjust social security benefits to keep pace with inflation.
- A low cost-of-living index can make a city more attractive to retirees seeking affordable living options.
- Rising housing costs contribute to an increase in the cost-of-living index in metropolitan areas.
- The cost-of-living index reflects regional differences in expenses, such as housing, healthcare, and transportation.
- Investors monitor the cost-of-living index to assess the purchasing power of consumers and anticipate market trends.
- A decline in the cost-of-living index can indicate deflationary pressures on the economy.
- Governments use the cost-of-living index to allocate resources and determine eligibility for social welfare programs.
- Researchers analyze the cost-of-living index to evaluate disparities in living standards across demographic groups.
- The cost-of-living index provides valuable insights for policymakers in crafting economic policies and addressing income inequality.
FAQs About the word cost-of-living index
an index of the cost of all goods and services to a typical consumer
No synonyms found.
No antonyms found.
Economists use the cost-of-living index to measure changes in the average prices of goods and services over time.
The government relies on the cost-of-living index to adjust social security benefits to keep pace with inflation.
A low cost-of-living index can make a city more attractive to retirees seeking affordable living options.
Rising housing costs contribute to an increase in the cost-of-living index in metropolitan areas.
