price index

noun
Updated on: 10 Nov 2017

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

Recent Examples of price index from the Web

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.

First Known Use of price index

1886


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