ACCRA Cost Of Living Index - COLI

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.

RELATED TERMS
  1. Cost-of-Living Adjustment - COLA

    An adjustment made to Social Security and Supplemental Security ...
  2. Cost of Living

    The amount of money needed to sustain a certain level of living, ...
  3. Consumer Goods

    Products that are purchased for consumption by the average consumer. ...
  4. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket ...
  5. Personal Consumption Expenditures ...

    A measure of price changes in consumer goods and services. Personal ...
  6. Bureau of Census

    A division of the federal government of the United States Bureau ...
Related Articles
  1. Taxes

    3 Retirement Plan Moves To Make Before Year-End

    If you don't know what must be done before December 31 you may miss opportunities - or even pay penalties.
  2. Economics

    Why The Consumer Price Index Is Controversial

    Find out why economists are torn about how to calculate inflation.
  3. Retirement

    Maximize Your Social Security Benefits

    The plan's cost of living adjustments can provide protection against inflation.
  4. Economics

    The Truth about Productivity

    Why has labor market productivity slowed sharply around the world in recent years? One of the greatest economic mysteries out there.
  5. Products and Investments

    The One Thing Your Portfolio Must Always Have

    Portfolio diversification is essential in any situation, but especially so as the market finally returns to fundamentals.
  6. Investing News

    U.S. Recession Without a Yield Curve Warning?

    The inverted yield curve has correctly predicted past recessions in the U.S. economy. However, that prediction model may fail in the current scenario.
  7. Budgeting

    Is Living in Europe Cheaper than in America?

    Learn how living in Europe has financial advantages over living in the United States. Discover the benefits to take advantage of when it makes financial sense.
  8. Investing News

    Market Outlook: No Bottom Until 2017?

    These investing pros are bearish on the market in 2016. Will there be a bottom in early 2017?
  9. Economics

    Negative Interest Rate Policy (NIRP)

    A negative interest rate policy is an unconventional monetary policy tool in which nominal target interest rates are set below zero.
  10. Investing News

    How China's Economy is Now Like America's

    China's economy could take the global economy down with it; why that might be good news in the grand scheme.
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. What's the difference between microeconomics and macroeconomics?

    Microeconomics is generally the study of individuals and business decisions, macroeconomics looks at higher up country and ... Read Full Answer >>
  4. Is Russia a developed country?

    Though it once reigned alongside the United States as a world superpower, Russia is not classified as a developed country ... Read Full Answer >>
  5. How does a cost-of-living adjustment (COLA) affect my salary?

    Some companies build salary adjustments into their compensation structures to offset the effects of inflation on their employees. ... Read Full Answer >>
  6. Is North Korea a developed country?

    North Korea is one of the poorest and least developed countries in the world. It is far from a developed country. Because ... Read Full Answer >>
Hot Definitions
  1. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  4. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  5. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
Trading Center