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
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The April producer price index on Thursday showed a monthly 0.5% drop and a 2.4% year-over-year gain, the lowest since last fall . Kevin Stankiewicz,matthew J. Belvedere, CNBC, 18 May 2025 On Thursday, the U.S. Labor Department reported that the producer price index, which measures inflation at the wholesale level, declined 0.5% in March but remained 2.4% higher than in April 2024. Amanda Castro, MSNBC Newsweek, 15 May 2025 March inflation was the second-lowest reading in the personal consumption expenditures price index since February 2021. Tobias Burns, The Hill, 7 May 2025 The analysts also pointed to the latest reading of the Fed’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, that was unchanged in March after advancing 0.4% in February. Billy Bambrough, Forbes.com, 1 May 2025 See All Example Sentences for price index

Word History

First Known Use

1886, in the meaning defined above

Time Traveler
The first known use of price index was in 1886

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Cite this Entry

“Price index.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20index. Accessed 28 May. 2025.

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