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

Fed Chairman Kevin Warsh reemphasized recently that the PCE price index is the central bank's official yardstick for inflation. — Jeff Cox, CNBC, 10 Sep. 2026

Just as many were making decisions about their crops, fertilizer prices soared, peaking in April at 44% higher than before the war, according to the World Bank’s price index. — ABC News, 30 Aug. 2026

Word History

First Known Use

1886, in the meaning defined above