Cost-of-living



noun
1.
the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group.
noun
1.

2.
the average expenditure of a person or family in a given period

The average cost of the basic necessities of life, including food, shelter, and clothing.

Note: In the United States, the cost of living is monitored in the consumer price index (formerly called the cost-of-living index), published monthly by the federal government.

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