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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Originally, the first Trump administration laid out a five-year period of gradual conversion towards an international price index that constituted a blend of U.S. and overseas prices. Joshua P. Cohen, Forbes.com, 3 July 2025 The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve's 2% annual target. Alain Sherter, CBS News, 27 June 2025 On Friday, the Fed’s preferred inflation gauge, the personal consumption and expenditures price index, is due. Jason Ma, Fortune, 23 June 2025 May’s personal consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, comes out Friday, and will tell if tariffs are starting to heat up inflation. Yeo Boon Ping, CNBC, 23 June 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 9 Jul. 2025.

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