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Prices and costs

the CPI

the consumer price index: a measure of inflation (=the rate at which the cost of living is rising or falling). It consists of a list of the prices of some basic goods and services, which is published each month.

the RPI

the retail price index: a measure of inflation (=the rate at which the cost of living is rising or falling). It consists of a list of the prices of some basic goods and services, which is published each month.

price

noun

the amount of money that you have to pay in order to buy something

cost

noun

the amount of money that is needed in order to buy, pay for, or do something

charge

noun

an amount of money that you have to pay, especially when you visit a place or when someone does something for you

bill

noun

the amount of money you have to pay for something

fee

noun

money that you pay to a professional person or institution for their work

offer

noun

a price that you say you will pay for something

outlay

noun

the amount of money that you must spend in order to buy something or to start a new business or project

rate

noun

an amount of money that is paid or charged

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astronomer

someone who studies the stars and planets using scientific equipment including telescopes

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