price index

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.

Word History and Origins

Origin of price index¹

First recorded in 1885–90

Example Sentences

Gathering information about local goods for sale in order to develop a targeted Consumer Price Index (CPI).

From The Daily Beast

Most loans in Iceland are of the type B, price index-linked loans.

From The Daily Beast

Index Social Security benefits to the so-called "chained" consumer price index.

From The Daily Beast

Over the past 12 months, the consumer price index (CPI) has risen a scant 1.4 percent.

From The Daily Beast

The first is “headline” CPI, which is the entire consumer price index—i.e., all goods and services including food and energy.

From The Daily Beast

For the years 1890-94, our price index is an average of the figures for January and July.

From Project Gutenberg

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

From Project Gutenberg

First, then, these wage rates should be varied in accordance with the movement of a price index number.

From Project Gutenberg

Related Words

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