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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On top of that, prices for many school supply categories, like pencils and backpacks, are up 20% since before the pandemic due to inflation and tariffs, among other factors, according to a CNBC analysis of the U.S. Bureau of Labor Statistics' producer price index. Natalie Wu, CNBC, 24 July 2025 The most recent producer price index (PPI), for example, showed upticks in computer electronics and furniture at a wholesale level (up YoY 2.6% and 3.4% respectively)—data which the Federal Open Market Committee will be well aware of when making their decisions about the base rate. Eleanor Pringle, Fortune, 19 July 2025 The producer price index, which reflects the prices businesses pay for their goods and services, was unchanged in June, helping assuage some concerns about the impact of tariffs. Andrea Riquier, USA Today, 16 July 2025 Economists were expecting the PCE price index to rise 0.1% from April, resulting in the annual rate ticking up to 2.3%. Alicia Wallace, CNN Money, 27 June 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 7 Aug. 2025.

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