price index

noun
an 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

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noun
1. or price relative : a price expressed as a percentage of itself in some arbitrarily chosen base period
2. : the weighted average of a group of price indexes used to indicate changes in the level of prices from one period to another

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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]

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price index noun
An index number which relates current prices to those of a base period or base date, the latter usu being assigned the value of 100
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Main Entry:price

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price index,
= consumer price index. (Cf.consumer price index)

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ˈprice index [price index] noun

Useful english dictionary. 2012.

Look at other dictionaries:

  • price index — UK US noun [C] ► ECONOMICS a measurement of the changes in the price of goods and services over a period of time: »The latest UK house price index was released on Tuesday. → See also CONSUMER PRICE INDEX(Cf. ↑consumer price index), COST OF LIVING …   Financial and business terms

  • price index — price .index n a list of particular goods and services and how much their prices change each month →↑retail price index …   Dictionary of contemporary English

  • price index — price ,index noun count a system for comparing the price of something in an economic market with its price at an earlier time …   Usage of the words and phrases in modern English

  • price index — n. INDEX (sense 5b) …   English World dictionary

  • Price index — A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to… …   Wikipedia

  • price index — 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] * * * Measure of change in a set of prices, consisting …   Universalium

  • Price Index — Jährliche Preisveränderungsraten in Deutschland von 1965 bis 2004 Verbraucherpreisindex in Deutschland, 1991 bis 2008, Jahr 2005=100 …   Deutsch Wikipedia

  • price index — n. a consumer; retail price index * * * [ praɪsˌɪndeks] retail price index a consumer …   Combinatory dictionary

  • price index — Fin an index, such as the consumer price index, that measures inflation …   The ultimate business dictionary

  • price index — noun (C) a system of numbers by which the prices of goods can be compared with what they were in the past see also: retail price index …   Longman dictionary of contemporary English

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