price index

noun

Definition of price index

: 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 The broad market decline came after the Labor Department on Friday reported the fastest increase in the consumer-price index in May — up 8.6% compared with a year earlier — since 1981. Todd Spangler, Variety, 10 June 2022 Inflation data through April, based on the consumer-price index, showed that new-vehicle prices rose 13.6% since March 2021, while prices for used cars/trucks were up a whopping 34.7%. Cristina Lourosa-ricardo, WSJ, 21 May 2022 On Wednesday, the BLS released the March producer price index, which tracks prices paid by wholesalers. Washington Post, 14 Apr. 2022 The Commerce Department reported Thursday that the personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose 6.4 percent in February compared to a year earlier. Harold Maass, The Week, 1 Apr. 2022 The inflation reading that makes headlines is an annual reading of the consumer-price index, which measures the pace of price increases in one month compared with the same month a year earlier. Gwynn Guilford, WSJ, 24 May 2022 The Labor Department reported Wednesday that the consumer-price index jumped by 5.4 percent from a year earlier, slightly higher than in August, and the same rate seen in June and July as the economy reopened. Harold Maass, The Week, 14 Oct. 2021 The moderation comes as prices on new vehicles continued to climb last month, up 1.1% from March this year and 13.2% higher than in April 2021, according to the Labor Department’s consumer-price index. Ryan Felton, WSJ, 14 May 2022 That basket shows inflation is running slightly hotter than the broader price index, with the CPI-W jumping 8.9% in April from a year ago, according to government data. Aimee Picchi, CBS News, 12 May 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price index.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of price index

1886, in the meaning defined above

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Time Traveler for price index

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The first known use of price index was in 1886

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Dictionary Entries Near price index

price gouging

price index

priceite

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Last Updated

15 Jun 2022

Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 25 Jun. 2022.

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More from Merriam-Webster on price index

Britannica.com: Encyclopedia article about price index

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