The Consumer Price Index “is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services,” according to the Bureau of Labor ...

Escalation clauses are often used to facilitate the creation of long-term contracts as wages or prices fluctuate over time. In these contract negotiations, the Consumer Price Index (CPI) is one of the ...

The move to link liabilities of pension schemes to the consumer price index, rather than the retail price index, has recently become a topic for debate. RPI is typically higher than CPI and as a ...