The Índice de Precios al Consumidor (IPC) refers to an economic indicator that measures the average change over time in the prices paid by consumers for a market basket of consumer goods and services. It is widely used to assess inflation and cost of living in a given country.
Frequency of Use: - The term IPC is frequently used in both written and oral contexts, notably in economic discussions, media reports, and statistical analyses.
Example Sentences: 1. El IPC de este mes ha aumentado un 3% en comparación con el mes anterior. - The CPI for this month has increased by 3% compared to the previous month.
Analysts are waiting for the CPI publication to anticipate changes in monetary policy.
Un aumento en el IPC puede afectar la capacidad de compra de los consumidores.
While "IPC" itself is not commonly used in idiomatic expressions, its implications can be discussed in various economic contexts. Below are phrases that relate to the concept of inflation and consumer prices:
Inflation is through the roof.
Con los precios así, el poder adquisitivo se va al traste.
With prices like this, purchasing power is going down the drain.
El costo de la vida no para de subir.
The cost of living just keeps rising.
No hay manera de que el salario se mantenga al día con el IPC.
There’s no way salaries can keep pace with the CPI.
El bolsillo de los consumidores se siente el golpe del IPC.
The term "Índice de Precios al Consumidor" originates from Spanish economic terminology where "índice" means "index," "precios" means "prices," and "consumidor" means "consumer." The use of indices in economics can be traced back to the need for quantifying economic data and trends.
Índice de Inflación (Inflation Index)
Antonyms:
The IPC is a cornerstone in economic discussions, helping to frame policies and personal financial planning in relation to inflation rates and consumer behavior.