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 One more set of inflation data — the personal consumption expenditures price index — is due before the Fed meets at the end of the month, when investors are hoping to get hints that rate cuts could begin in the coming months. Alex Harring,sophie Kiderlin, CNBC, 17 July 2024 The producer price index, which measures prices received by businesses and suppliers for their goods and services, is not as widely known as the CPI. Zachary Halaschak, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 12 July 2024 Premiums for property and casualty insurance are now at their highest levels in more than two decades, according to the U.S. government data from the producer price index. CBS News, 11 July 2024 After hitting a 40-year high of 7% in mid-2022, the PCE price index has tumbled. Paul Davidson, USA TODAY, 20 Mar. 2024 See all Example Sentences for price index 

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 26 Jul. 2024.

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