price index

American  

noun

1. 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.

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Etymology

Origin of price index

First recorded in 1885–90

Example Sentences

Other data in the coming week include the Case-Shiller house price index for January on Tuesday, then retail sales and trade data for February on Wednesday.

From The Wall Street Journal

Rising inflation as measured by the personal-consumption expenditures price index, the Fed’s preferred gauge, has been “hard to ignore” and “suggests our progress on inflation may be at risk of stalling,” Barkin said.

From The Wall Street Journal

The current rate of inflation is 2.4%, based on the consumer price index.

From MarketWatch

Inflation has been relatively tame so far this year, with the consumer price index rising 2.4% on an annual basis in each of the past two months.

From Barron's

This is more evidence—along with the recent producer price index data and a report from the Institute for Supply Management —that inflationary pressure is mounting in the supply pipeline.

From Barron's

Related Words

• consumer price index
• retail price index
• wholesale price index