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 April’s Personal Consumption Expenditures price index didn’t budge from March when prices accelerated to 2.7% from 2.5% in February. Elisabeth Buchwald, CNN, 11 June 2024 Year-over-year inflation as measured by the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices, has fallen only slightly, from 2.9% last December to 2.8% in April. Bywill Daniel, Fortune, 6 June 2024 Source: My trusty spreadsheet’s reviewed the April edition of CoreLogic’s state-by-state price indexes, which look 12 months ahead and 12 months back. Jonathan Lansner, Orange County Register, 6 June 2024 The latest price index of personal consumption expenditures, which excludes food and energy costs, rose by 0.2% during the period, which was in line with estimates. Vinamrata Chaturvedi, Quartz, 2 June 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 16 Jun. 2024.

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