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

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An economy on solid ground The PCE price index is part of the Commerce Department’s monthly Personal Income and Outlays report, which includes comprehensive data on how Americans earn, spend and save. Alicia Wallace, CNN, 31 Oct. 2024 In the 12 months through September, the PCE price index increased 2.1%. Lucia Mutikani, USA TODAY, 31 Oct. 2024 And inflation continues to cool, as the Personal Consumption Expenditures (PCE) price index — the Fed’s preferred inflation gauge — showed a 2.1% year-over-year increase for September, down from 2.3% in August, according to data released Thursday. Vinamrata Chaturvedi, Quartz, 31 Oct. 2024 In the final inflation update before next week’s presidential election, the Commerce Department found that the personal consumption expenditures price index, which measures how much more Americans spent this September than in September 2023, was 2.1%. Danielle Chemtob, Forbes, 1 Nov. 2024 See all Example Sentences for price index 

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 21 Nov. 2024.

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