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 Japan’s producer price index data showed a 0.2% increase from a year ago, while remaining flat on-month. Yuri Kageyama, Quartz, 13 Feb. 2024 The Personal Consumption Expenditures price index — the inflation gauge that the Fed uses as its target rate — was up 2.6% annually in December, closing out 2023 with a far softer punch than the 5.4% gain a year prior, according to Commerce Department data released Friday. Nicole Goodkind, CNN, 31 Jan. 2024 That’s in line with its prediction that inflation, as measured by the personal consumption expenditures price index, will fall to the Federal Reserve’s 2% target by the middle of this year, pushing the Fed to cut interest rates, at which point the 10-year Treasury yield will drop. Alena Botros, Fortune, 12 Jan. 2024 Stock futures slip ahead of more inflation data Stock futures fell slightly early Friday ahead of the release of this week's second big inflation report, the producer price index. Harold Maass, The Week Us, theweek, 12 Jan. 2024 Each month, financial services company CoreLogic releases its home price index, which incorporates public record data as well as other real estate databases, and incorporates more than 45 years of repeat-sales transactions to analyze home price trends. Sydney Lake, Fortune, 9 Jan. 2024 The producer price index, which gauges wholesale inflation, rose to 1% from 0.8% the month before. Zachary Halaschak, Washington Examiner, 14 Jan. 2024 Economists expect the December producer price index to show that wholesale prices rose 0.1% in December compared to November. Harold Maass, The Week Us, theweek, 12 Jan. 2024 The Personal Consumption Expenditures (PCE) price index rose by less than 0.1% in October, and just 3% from a year ago, the Bureau of Economic Analysis reported. Will Daniel, Fortune, 30 Nov. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'price index.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1886, in the meaning defined above

Time Traveler
The first known use of price index was in 1886

Dictionary Entries Near price index

Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 21 Feb. 2024.

More from Merriam-Webster on price index

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!