price index

noun

: an index number expressing the level of a group of commodity prices relative to the level of the prices of the same commodities during an arbitrarily chosen base period and used to indicate changes in the level of prices from one period to another

Examples of price index in a Sentence

Recent Examples on the Web The personal consumption expenditures price index for August is due to be released then. Brian Evans,sophie Kiderlin, CNBC, 26 Sep. 2024 Hotter-than-expected core, again The U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. Yeo Boon Ping, CNBC, 13 Sep. 2024 The Personal Consumption Expenditures price index, which the Federal Reserve uses for its official 2% inflation target, has similarly shown easing price pressure over the past two years. Bryan Mena, CNN, 13 Sep. 2024 Yes, August’s producer price index (PPI) declined -1.8%, missing expectations of -1.5% versus July’s -0.8%, though falling commodity prices were a factor. Brendan Ahern, Forbes, 9 Sep. 2024 See all Example Sentences for price index 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'price index.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1886, in the meaning defined above

Time Traveler
The first known use of price index was in 1886

Dictionary Entries Near price index

Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 4 Oct. 2024.

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