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

May’s personal consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, comes out Friday, and will tell if tariffs are starting to heat up inflation. —Yeo Boon Ping, CNBC, 23 June 2025

The import price index was flat, not down 0.1% as projected. —Erik Sherman, Forbes.com, 17 June 2025

This comes even as inflation has been falling in recent months, dropping to a 2.1 percent annual increase in the April personal consumption expenditures price index — close to the Fed’s target rate of 2 percent. —Tobias Burns, The Hill, 3 June 2025

However, a price index for Nvidia A100s, which tackle a lot of inference tasks, is in the works as well. —IEEE Spectrum, 28 May 2025

Word History

First Known Use

1886, in the meaning defined above