price index

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price index

n.
A number relating prices of a group of commodities to their prices during an arbitrarily chosen base period.

price′ in`dex


n.
an index of the changes in the prices of goods and services, based on the prices of a previous period, with the base level usu. expressed as 100.
[1885–90]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.price index - an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
index number, indicator, index, indicant - a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time
retail price index - an index of changes in retail prices
producer price index, wholesale price index - an index of changes in wholesale prices
consumer price index, cost-of-living index, CPI - an index of the cost of all goods and services to a typical consumer