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 personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%, the lowest of 205. —Jeff Cox, CNBC, 30 May 2025

The Personal Consumption Expenditures price index was 2.1% for the 12 months ended in April, a slowdown from the 2.3% annual gain in March. —Alicia Wallace, CNN Money, 30 May 2025

Inflation eased significantly this week, as measured by the Commerce Department’s personal consumption expenditures price index, which fell from a 2.7 percent annual increase to 2.3 percent, close to the Fed’s target rate of 2 percent. —Sylvan Lane, The Hill, 2 May 2025

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

Word History

First Known Use

1886, in the meaning defined above