What is another word for retail price index?
Pronunciation: [ɹˈiːte͡ɪl pɹˈa͡ɪs ˈɪndɛks] (IPA) 
The retail price index is a measure of how much consumers are paying for goods and services. It is often used as an indicator of inflation or changes in the cost of living. There are several synonyms for retail price index, including consumer price index, cost of living index, inflation index, and price level index. These terms all refer to the same basic concept, which is the average price of goods and services that consumers are paying. By tracking changes in the retail price index, economists and policymakers can gain insights into how the economy is performing and make decisions about monetary policy and other economic issues.
