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
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Annual consumer prices grew just 2.3% in April, according to the Consumer Price Index, and inflation that month fell to 2.1%, according to the separate Personal Consumption Expenditures price index. David Goldman, CNN Money, 5 June 2025 Budget-conscious home seekers who need any whiff of hope may cheer the latest Case-Schiller national price index. Jonathan Lansner, Oc Register, 29 May 2025 The personal consumption expenditures price index, the Fed’s preferred measure of inflation, was up at a 2.3% pace ending in March. David Lightman, Sacbee.com, 7 May 2025 The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%, the lowest of 205. Jeff Cox, CNBC, 30 May 2025 See All Example Sentences for price index

Word History

First Known Use

1886, in the meaning defined above

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

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Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 18 Jun. 2025.

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