price index

/praɪs ˌɪnˈdɛks/

Other forms: price indexes; price indices

Definitions of price index

1. noun

   an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
   synonyms: price level

   types:

   retail price index

   an index of changes in retail prices

   producer price index, wholesale price index

   an index of changes in wholesale prices

   CPI, consumer price index, cost-of-living index

   an index of the cost of all goods and services to a typical consumer

   type of:

   index, index number, indicant, indicator

   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