cost of living index

Definitions

Accounting

  • noun
    (written as cost-of-living index)
    a way of measuring the cost of living which is shown as a percentage increase on the figure for the previous year. It is similar to the consumer price index, but includes other items such as the interest on mortgages.

Forex

  • An adjusted price index based on the consumer price index (in the U.S.) that is normally used to adjust government pensions for retirees. It is also a descriptive way to gauge how well various other groups are doing to combat the negative effects associated with inflation. Profits from Forex trading can be adjusted by this number to get a better feel for how well a trader is really doing on the market.

Business

  • acronymCOLI
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