cost-of-living index


cost-of-living index
/ˌkɒst əv 'lɪvɪŋ ˌɪndeks/ noun
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.

Dictionary of banking and finance. 2015.