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

Inflation has gotten back up to 2%, core [personal-consumption expenditures price index]. Nick Timiraos, WSJ, "Transcript: WSJ Interview With Chicago Fed President Charles Evans," 11 July 2018 CoinDesk has a Bitcoin price index; Bitcoincharts.com has a range of data. Bloomberg.com, "Making Sense of Bitcoin and Its Wild Price Ride," 29 Jan. 2018 Annual gains in the headline producer-price index have risen since the beginning of 2016. Sharon Nunn, WSJ, "Rising Transportation Costs Help Drive Up U.S. Business Prices," 11 July 2018 Economists estimate the overall price index increased 0.3% last month, pushing annual inflation to 2.5% from 2.4%. Paul Davidson, USA TODAY, "Will inflation heat up or warm slowly? April reports highlight the week's economic news," 7 May 2018 The price index for personal-consumption expenditures increased at a 2.7% pace in the first quarter, matching the fourth quarter’s pace. Theo Francis, WSJ, "Growth Cooled in First Quarter as Consumers Reined In Spending," 27 Apr. 2018 The Federal Reserve’s preferred inflation gauge, the price index for personal-consumption expenditures, rose 0.2% in May and was up 2.3% from a year earlier. Michael Wursthorn And Riva Gold, WSJ, "Stocks Edge Higher During Momentary Pause in Trade Tensions," 29 June 2018 Bitcoin’s low had previously been set at $5,947 on February 6th, according to Coindesk’s price index, in the midst of a sharp dip. David Z. Morris, Fortune, "Bitcoin Hits New 2018 Low Amid Shaken Investor Confidence," 24 June 2018 The value of Bitcoin, the largest digital currency by market capitalization, fell roughly 3% to a six-week low of $7,272 in early trading, according to the CoinDesk price index. Kevin Mccoy, USA TODAY, "Bitcoin value gyrates amid report of Department of Justice manipulation investigation," 24 May 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

9 Oct 2018

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The first known use of price index was in 1886

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