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

In IconArrows pointing outwards Silicon Data has built a series of GPU price indexes that track the hourly rental cost of specific chips across providers. — Yun Li, CNBC, 16 June 2026

However, this is a price index problem, not a GDP problem. — James Broughel, Forbes.com, 6 June 2026

The Personal Consumption Expenditures price index rose 0.4% on a monthly basis, slowing from a 0.7% increase in March. — Alicia Wallace, CNN Money, 28 May 2026

To prove my point, the trusty spreadsheet looked at California job growth dating to 1990, using Bureau of Labor Statistics data, and compared that with Golden State home values, as measured by a Federal Housing Finance Agency price index. — Jonathan Lansner, Oc Register, 24 May 2026

Word History

First Known Use

1886, in the meaning defined above