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 next significant move in mortgage rates could come as the market digests new economic data, namely Thursday’s consumer price index and Friday’s produce price index reports. Diana Olick, CNBC, 8 Apr. 2025 The Personal Consumption Expenditures price index, the central bank’s preferred inflation gauge, rose 2.5% year-over-year in February, according to data the U.S. Bureau of Economic Analysis released Friday. Star Tribune, Chicago Tribune, 2 Apr. 2025 From January to February the PCE price index increased 0.3%, while the core index was up 0.4%. Megan Poinski, Forbes.com, 31 Mar. 2025 The Personal Consumption Expenditures price index, after stripping out volatile food and energy items, climbed 2.8 percent in February from a year earlier, outpacing January’s annual pace, the Commerce Department reported on Friday. Colby Smith, New York Times, 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 24 Apr. 2025.

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