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price index

an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100.
Origin of price index
First recorded in 1885-90 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for price index
Historical Examples
  • For the years 1890-94, our price index is an average of the figures for January and July.

    The Value of Money Benjamin M. Anderson, Jr.
  • First, then, these wage rates should be varied in accordance with the movement of a price index number.

  • Our price index for each year is an average of the twelve monthly figures given by Dun from 1894 to 1916.

    The Value of Money Benjamin M. Anderson, Jr.

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