The Cost-of-Living Index is a tool that measures the relative cost of living over time or between different locations. It is typically used to compare the expense required to maintain a certain standard of living across various cities or countries.
Indexing refers to the method of adjusting various economic interests—such as wages, taxes, and investment portfolios—based on the performance of a specific index, like the S&P 500 or the Consumer Price Index (CPI).
