Consumer Basket

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Definition: Consumer Basket

Consumer Basket
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Full Definition of Consumer Basket

A sample of consumer goods and services used to track prices. In the U.S., the Department of Labor uses a consumer basket to calculate the Consumer Price Index.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/consumer-basket/
Modern Language Association (MLA):
Consumer Basket. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/consumer-basket/.
Chicago Manual of Style (CMS):
Consumer Basket. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/consumer-basket/ (accessed: April 19, 2024).
American Psychological Association (APA):
Consumer Basket. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/consumer-basket/

Definition Sources

Definitions for Consumer Basket are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.