constant-utility index

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Mona Lisa, oil on wood panel by Leonardo da Vinci, c. 1503-06; in the Louvre, Paris, France. 77 x 53 cm.

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"Landing of Columbus" by John Vanderlyn, oil on canvas; commissioned 1836/1837, placed 1847. In the rotunda of the U.S. Capitol, Washington, D.C. 12' x 18' ft. (3.66 m. x 5.49 m.) Christopher Columbus and members of his crew are shown on a beach

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constant-utility index

economics

Learn about this topic in these articles:

consumer price index

In consumer price index: Conceptual difficulties
…of consumers is called a constant-utility index, since it measures not the change in price of a constant bundle of goods but the change over time in the costs of purchasing bundles of goods that yield a constant level of utility or satisfaction.
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