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

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Fed officials normally look to the Personal Consumption Expenditures price index, widely known as their preferred inflation measure, but that figure also hasn’t been released due to the shutdown. Bryan Mena, CNN Money, 29 Oct. 2025 According to Branch, general manufacturing costs for candy makers, including energy, labor and transportation, have risen 37% since early 2024, based on Bureau of Labor Statistics producer price index data. Melinda Yao, NBC news, 29 Oct. 2025 The inflation forecast for October is significant in that the Commerce Department will not be releasing an official number on the personal consumption expenditures price index due to the government shutdown. Jeff Cox, CNBC, 29 Oct. 2025 The organization’s analysis revealed that the average senior who retired in 1999 has lost nearly $5,000 in Social Security payments due to the government using the CPI-W, a price index that tracks inflation for people who work and live in cities. Suzanne Blake, MSNBC Newsweek, 17 Oct. 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 6 Nov. 2025.

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