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

In the 12 months through December, overall prices rose 1.9%, the first time the consumer-price index has been under 2% since August 2017 and a sign low gasoline prices are holding down inflation. Ira Iosebashvili, WSJ, "Dollar Slips on Inflation Data," 11 Jan. 2019 Single-family home prices across the region that includes King, Snohomish and Pierce counties were unchanged in July from a month prior, according to the monthly Case-Shiller home price index, released Tuesday. Mike Rosenberg, The Seattle Times, "As Seattle home prices dip, outer reaches of metro area still humming along," 25 Sep. 2018 Oil is a major component in the consumer-price index, and falling energy prices could help check potential gains in inflation. Daniel Kruger, WSJ, "Treasurys Gain in the Wake of U.S. Elections Results," 9 Nov. 2018 Excluding volatile food and energy prices, the gauge—the personal-consumption-expenditures price index—rose 1.8% last month from a year earlier, versus gains of 1.9% in August and September. Nick Timiraos, WSJ, "Fed Minutes Signal December Rate Increase Likely, But Less Certain Path Next Year," 29 Nov. 2018 Friday: The Labor Department releases the October producer-price index report. Sarah Chaney, WSJ, "Global Economy Week Ahead: Service-Sector Activity, Producer Prices, Consumer Sentiment," 4 Nov. 2018 The country’s producer price index gained 3.6 percent from a year earlier, slowing from the previous month. Annabelle Liang, The Seattle Times, "Asian shares gain, but inflation drags on Chinese benchmarks," 16 Oct. 2018 CoreLogic’s monthly home price index forecasts home price appreciation over the next year that’s on par with growth over the previous year, but usually when supply is increased and demand stays the same, prices drop. Jeff Andrews, Curbed, "Is the housing market starting to cool off?," 2 Aug. 2018 However, box office numbers cited in the introduction were adjusted for inflation using the personal consumption expenditure price index (PCEPI) annual averages from the Bureau of Economic Analysis. Charles Stockdale, USA TODAY, "The 100 best animated movies of all time," 12 June 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

16 Jan 2019

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The first known use of price index was in 1886

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