What is another word for cost-of-living index?
Pronunciation: [kˈɒstɒvlˈɪvɪŋ ˈɪndɛks] (IPA) 
The cost-of-living index is a measure of the amount of money required to pay for the necessities of life in a given location. This figure is a key metric for many people when it comes to determining where to live and how much to save for retirement. There are several synonyms for cost-of-living index, including cost-of-living indicator, inflation gauge, consumer prices index, and standard of living measure. Each of these terms reflects a slightly different focus on the economic factors that impact the cost of living, but all are useful when it comes to understanding the relative prices of goods and services in different locations.
