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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In January, the core PCE price index slowed significantly to 2.6% from 2.9%. Alicia Wallace, CNN, 6 Mar. 2025 State of play: The PCE price index is cooler than a separate inflation measure, the Consumer Price Index, suggested earlier this month. Axios, 28 Feb. 2025 Crypto stocks — Stocks linked to the price of bitcoin rose after the cryptocurrency turned positive on Friday on relief that the latest personal consumption expenditures price index came out in line with forecasts. Pia Singh, CNBC, 28 Feb. 2025 Inflation as measured in the Federal Reserve’s preferred personal consumption expenditures (PCE) price index came in at 2.5 percent annual growth on Friday, dipping by just a tenth of a percentage point after rising throughout the fall. Tobias Burns, The Hill, 28 Feb. 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 12 Mar. 2025.

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