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 Consumption surveys are crucial for monitoring trends in poverty and inequality, and are also of critical value for national income accounting, and for updating macro-economic data such as price indices. Quartz Staff, Quartz India, "Global economists, political scientists ask India to release withheld economic data," 21 Nov. 2019 The core personal consumption expenditures price index, which excludes food and energy, increased 1.8% from August of last year, matching estimates though the monthly figure was below forecast. Reade Pickert, chicagotribune.com, "U.S. economy cools as consumer spending misses forecasts," 27 Sep. 2019 In-city producers pay a $150 base tax per well, a $30 annual oil well permit fee per producing well and a per-barrel fee that fluctuates based on the producer price index for crude oil, but would never drop below 12.5 cents a barrel. Daily Pilot, "Does oil company owe city of Seal Beach $9 million or more? City officials are drilling for answers," 20 Sep. 2019 Analysts now reckon that pork is little more than 2% of China’s consumer-price index, down from 3% a few years ago. The Economist, "Soaring pork prices hog headlines and sow discontent in China," 12 Sep. 2019 Canada’s consumer-price index increased 2.4% on a year-over-year basis in May, Statistics Canada said Wednesday, compared with a 2% rise in the previous month. Paul Vieira, WSJ, "Canada Inflation Accelerated in May," 19 June 2019 China's producer price index — which measures the cost of goods sold to businesses and is an important measure of company profitability — dropped 0.8% in August compared to a year ago, according to government statistics released Tuesday. Laura He, CNN, "Chinese stocks fall after poor data points to further slowdown," 10 Sep. 2019 To make things more complicated, the PCE measure relies on data from the Labor Department’s producer price index covering health-insurance premiums paid by different sources, not just out-of-pocket expenses. Reade Pickert, Fortune, "Why the Cost of U.S. Health Insurance Is Surging," 12 Sep. 2019 Prices of industrial goods have fallen into deflationary territory; the producer price index declined by 0.8% in August from a year earlier. The Economist, "Soaring pork prices hog headlines and sow discontent in China," 10 Sep. 2019

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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The first known use of price index was in 1886

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Last Updated

4 Dec 2019

Cite this Entry

“Price index.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/price%20index. Accessed 9 December 2019.

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