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

The producer price index increased by 0.2% in November, and by 0.1% in October, according to a delayed Labor Department report that combined the two months’ data after last year’s government shutdown pushed back publication.

From The Wall Street Journal

In the United States, the consumer price index rose 2.7 percent last month, the same rate as in November and in line with expectations.

From Barron's

The Bureau of Labor Statistics releases the consumer price index for December.

From Barron's

Focus may now start to turn to the U.S. consumer price index data for December, released on Tuesday.

From MarketWatch

Major banks will begin fourth-quarter earnings reports this week, and the December consumer price index will be released on Tuesday.

From Barron's

Related Words

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