- price index
- nounan index that traces the relative changes in the price of an individual good (or a market basket of goods) over time• Syn: ↑price level• Hypernyms: ↑index, ↑index number, ↑indicant, ↑indicator• Hyponyms: ↑retail price index, ↑producer price index, ↑wholesale price index, ↑consumer price index, ↑CPI, ↑cost-of-living index
* * *
noun1. or price relative : a price expressed as a percentage of itself in some arbitrarily chosen base period2. : the weighted average of a group of price indexes used to indicate changes in the level of prices from one period to another* * *
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.[1885-90]* * *
price index nounAn index number which relates current prices to those of a base period or base date, the latter usu being assigned the value of 100• • •Main Entry: ↑price* * *
price index,= consumer price index. (Cf. ↑consumer price index)* * *
Useful english dictionary. 2012.