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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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 On Thursday, the year-over-year increase in the personal consumption expenditures price index eased to 2.1% in September, a Commerce Department report showed. —

Daniel Gonzalez, The Arizona Republic, 1 Nov. 2024 The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department data released Thursday. —

Alicia Wallace, CNN, 31 Oct. 2024 Thursday's reading comes from the personal consumption expenditures (PCE) price index, which reflects changes in the prices of goods and services purchased by U.S. consumers. —

Gordon G. Chang, Newsweek, 31 Oct. 2024 See all Example Sentences for price index