ACCRA Cost Of Living Index - COLI

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DEFINITION of 'ACCRA Cost Of Living Index - COLI'

A measure of key living costs compiled by the Council for Community and Economic Research. The ACCRA COLI compares cost of living differences between urban areas in the United States weighted by different types of consumer expenditures in mid-management households. The index is used by economists, corporations and researchers to assess relative living costs. First published in 1968, it is available quarterly.

BREAKING DOWN 'ACCRA Cost Of Living Index - COLI'

The ACCRA Cost of Living Index compares the prices of goods and services within certain participating urban regions. ACCRA COLI data is recognized by the U.S. Census Bureau, U.S. Bureau of Labor Statistics, CNN Money and the President's Council of Economic Advisors. The index compares the cost of living in more than 300 U.S. cities.

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RELATED FAQS
  1. What is the difference between the cost of living and the cost of inflation?

    Cost of living metrics are often confused with inflation and vice versa. While both cost of living and inflation measure ... Read Full Answer >>
  2. How is the cost of living index calculated?

    There is no official cost of living index created or reported by the U.S. government. Unofficial indexes are offered by multiple ... Read Full Answer >>
  3. Are Social Security benefits adjusted for inflation?

    Social Security benefits are adjusted for inflation. This adjustment is known as the cost of living adjustment (COLA). For ... Read Full Answer >>
  4. What are some of the drawbacks of industrialization?

    In economic history, industrialization is the social and economic transformation of the human group from an agrarian society ... Read Full Answer >>
  5. What economic indicators are important to consider when investing in the retail sector?

    The unemployment rate and Consumer Confidence Index (CCI) rank as two of the most important economic indicators to consider ... Read Full Answer >>
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