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 May reading of the personal consumption expenditures price index also comes out. Jason Gewirtz, CNBC, 25 June 2026 Later this week, the government releases its May personal consumption expenditures price index, the preferred inflation gauge of the Federal Reserve. ABC News, 22 June 2026 New data released Thursday showed that from April to May, the producer price index rose 1.1% month over month. Steve Kopack, NBC news, 11 June 2026 Tokyo’s Nikkei 225 sank 1.9% after data showed Japan’s producer price index, a measure for prices at the wholesale level, rose in May at the fastest pace in more than three years. Stan Choe, Los Angeles Times, 10 June 2026 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 1 Jul. 2026.

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