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 The Fed’s preferred inflation gauge, the Personal Consumption Expenditures price index, similarly showed stubborn prices in the beginning of the year. Bryan Mena, CNN, 20 Mar. 2024 It is also closely watched because some of its data is used to compile the Fed's preferred inflation gauge, known as the personal consumption expenditures price index. Christopher Rugaber, Quartz, 14 Mar. 2024 The state’s price index tracks four regions with noteworthy differences in inflation rates. Jonathan Lansner, San Diego Union-Tribune, 25 Feb. 2024 Also, a different inflation measure that the Fed watches more closely – called the personal consumption expenditures price index – was at 2.6% in December and the Fed’s preferred core reading was at 2.9%, not far from the 2% target. Paul Davidson, USA TODAY, 23 Feb. 2024 The Personal Consumption Expenditures price index, the Fed’s preferred measure of inflation, was up 2.4% for the 12 months that ended in January, a slowdown from December’s 2.6% increase, according to Commerce Department data released Thursday. Nicole Goodkind, CNN, 29 Feb. 2024 Before his near decade with First American, and had stints with CoreLogic, which also releases monthly home price index reports, and Fannie Mae. Sydney Lake, Fortune, 21 Feb. 2024 Like its sister price index, the PPI (Producer Price Index) also came in hot for its January reading at +0.3%. Robert Barone, Forbes, 17 Feb. 2024 On a month-to-month basis, the wholesale price index fell by a tenth of a percentage point. Zachary Halaschak, Washington Examiner, 12 Jan. 2024

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 28 Mar. 2024.

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