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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On Tuesday, the S&P Case-Shiller home price index as well as the job openings and labor turnover report will come out. Jason Ma, Fortune, 29 Mar. 2026 In addition to the upcoming Fed decision, traders are also awaiting the producer price index reading for February. Pia Singh, CNBC, 17 Mar. 2026 At year's end the Personal Consumption Expenditures price index the Fed uses to set its target was rising at more than a 6% annual rate, triple its target. Howard Schneider, USA Today, 17 Mar. 2026 The Federal Reserve tracks the Personal Consumption Expenditures price indexes for its 2% inflation target and is expected to keep interest rates unchanged next week. Reuters wire Service, Dallas Morning News, 11 Mar. 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 5 Apr. 2026.

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