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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From 2021 to 2022, the city’s food price index surged by 8.8%, marking the highest increase in over 40 years. Muri Assunção, New York Daily News, 1 May 2025 For example the Personal Consumption Expenditures price index for the 12 months to March 2025 rose 2.6% excluding food and energy prices. Simon Moore, Forbes.com, 1 May 2025 Excluding food and energy costs, the core PCE price index was flat for the month and slowed to an annual rate of 2.6% from 3%. Alicia Wallace, CNN Money, 30 Apr. 2025 The March producer price index came in cooler than expected today, similar to yesterday’s CPI. Jim Cramer, CNBC, 11 Apr. 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 10 May. 2025.

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