Definition of cost-of-living index in English:

cost-of-living index

noun

(also CLI)
former term for consumer price index
‘Billions of dollars are at stake, and large political constituencies influence and are influenced by choices of indices such as a cost-of-living index.’
  • ‘The first is its challenge to the view that a cost-of-living index should be the concept underlying the Consumer Price Index.’
  • ‘Therefore, Table 2 contains additional versions employing a state cost-of-living index.’
  • ‘The formula is driven by monthly data from the cost-of-living index.’
  • ‘The cost-of-living index hit a record 623% in January this year, but has since fallen 371%.’

Pronunciation

cost-of-living index

/ˌkästəvˈliviNG inˌdeks/ /ˌkɑstəvˈlɪvɪŋ ɪnˌdɛks/