What is another word for cost of living index?
Pronunciation: [kˈɒst ɒv lˈɪvɪŋ ˈɪndɛks] (IPA) 
The cost of living index refers to the measurement of the average cost of basic necessities, such as food, housing, transportation, and healthcare. It is a crucial factor in determining the standard of living in a particular region or country. Many other terms are commonly used interchangeably with the cost of living index, such as cost of living calculator, inflation rate, consumer price index (CPI), and price level. These synonyms help in understanding the overall economic status of a place and can aid in decision-making for individuals and businesses. The cost of living index can also reflect changes in wages and purchasing power and can help predict future economic trends.
