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

Economists The Wall Street Journal polled expect China’s producer-price index, a gauge of factory gate prices, to have risen 1.5% in December, compared with a 2.7% increase in November. A Wsj Staff Reporter, WSJ, "Global Economy Week Ahead: ISM Activity Report, Fed Minutes," 6 Jan. 2019 The S&P CoreLogic Case-Shiller 20-city home price index rose at a slightly slower pace than the 6.5 percent annual gain in May from a year earlier. Josh Boak, The Seattle Times, "US home prices jumped 6.3 percent from a year ago," 28 Aug. 2018 Since the local market peaked last spring, single-family home prices have fallen twice as fast in the Seattle metro area as in any other region in the country, according to the monthly Case-Shiller home-price index, released Tuesday. Mike Rosenberg, The Seattle Times, "Seattle-area home price cool-down stands out among U.S. cities," 26 Mar. 2019 Meanwhile, a lithium price index published by Benchmark Mineral Intelligence dropped for the 10th consecutive month in January to a multiyear low. Amrith Ramkumar, WSJ, "Investors Get Burned After Betting on Electric-Car Metals," 17 Feb. 2019 The price index for personal-consumption expenditures, the Federal Reserve’s preferred inflation gauge, rose 0.1% from October and was up 1.8% from a year earlier in November. Eric Morath, WSJ, "U.S. Consumer Spending Rose at Solid Rate in November," 21 Dec. 2018 The S&P CoreLogic Case-Shiller 20-city home price index increased 5.9 percent in July compared with a year earlier, down from a 6.4 percent annual gain in July. Christopher Rugaber, Fox News, "US home prices rise at slowest pace in nearly a year," 25 Sep. 2018

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.

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First Known Use of price index

1886, in the meaning defined above

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Last Updated

8 May 2019

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The first known use of price index was in 1886

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