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
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The core personal consumption expenditures price index showed a 0.4% increase for the month, the biggest monthly gain since January 2024, putting the 12-month inflation rate at 2.8%. Jeff Cox, CNBC, 28 Mar. 2025 The core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, ticked up last month, rising more than economists had forecast and signaling that price hikes remain stubbornly elevated. Aimee Picchi, CBS News, 28 Mar. 2025 Baseline with higher inflation and interest rates — This scenario with all wage and price indexes growing 0.1 percentage point faster adds $324 billion to the total debt for about $57.6 trillion. Erik Sherman, Forbes.com, 28 Mar. 2025 Inflation as measured by the personal consumption expenditures (PCE) price index held steady in Commerce Department data released Friday at an annual increase of 2.5 percent. Tobias Burns, The Hill, 28 Mar. 2025 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

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Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 3 Apr. 2025.

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