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

Among them are personal income and spending, which includes the Fed’s main inflation forecasting measure, the personal consumption expenditures price index, and gross domestic product. —Jeff Cox, CNBC, 14 Nov. 2025

In the San Diego metro area, meat was 41% higher last month than in October 2019, dairy was 27% higher and produce was 18% higher, according to a grocery price index by Datasembly, a market analytics company that tracks prices of 1,000 products weekly across the United States. —Roxana Popescu, San Diego Union-Tribune, 7 Nov. 2025

Fed officials normally look to the Personal Consumption Expenditures price index, widely known as their preferred inflation measure, but that figure also hasn’t been released due to the shutdown. —Bryan Mena, CNN Money, 29 Oct. 2025

According to Branch, general manufacturing costs for candy makers, including energy, labor and transportation, have risen 37% since early 2024, based on Bureau of Labor Statistics producer price index data. —Melinda Yao, NBC news, 29 Oct. 2025

Word History

First Known Use

1886, in the meaning defined above