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.