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price index

price index

15 3.2
A number that shows how prices of goods and services change over time
  • noun
  • /praɪs ˈɪndɛks/
  • Specialized
translation icon : índice de precios
  • Exhibit 5 is a graph of the price indexes in Wisconsin over time.
  • consumer price index
  • import price index
  • official price index

We'll get the advance report price index for GDP.

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Examples

  • Table 1 is a listing of the price index for each year from 1860 through 1991.

    Academic text (1992)
  • The change in the median value of the house price index from 2000 to 2006 was $60,000.

    Academic text (2017)
  • During the same period, the wholesale price index increased by 44.4 percent.

    Academic text (1997)
  • The analysis for Exhibit 4 is based on the S&P/Case-Shiller Home Price Index.

    Academic text (2016)
  • Between 1985 and 1997, the annual average price index of private domestic premises grew by 20.91 percent.

    Academic text (2001)
  • The figure also shows the rate of change for the BEA investment price index for PCs.

    Academic text (2016)
  • The result is a constant-quality house price index for each locality.

    Academic text (2017)
  • For this reason, money income shares deflated by a general urban price index may overstate inequalities and rural poverty.

    Academic text (1998)
  • Between 1990/91 and 1994/95, the consumer price index for agricultural laborers increased by 53.1 percent.

    Academic text (1997)
  • The Labor Department reported that the Consumer price index increased by 0.2% last quarter, indicating rising costs for consumers.

Synonyms

index
vsprice index
  • Specialized
298 4.4

A number that shows how something changes, like prices or pollution

is specifically about tracking price changes not general measurement scales
CPI
vsprice index
  • Specialized
30 4.2

A measure of how prices people pay change over time

is the full term for that consumer-focused price measure
consumer price index
vsprice index
  • Specialized
8 3.9

An official measure of how prices people pay for goods and services change over time

is broader, covering general or item-specific price changes not only consumer purchases
price level
vsprice index
  • Specialized
5 4.6

Average prices for goods and services in an economy over time

is about tracking change in those average prices rather than single amounts
PPI
vsprice index
  • Specialized
3 7.3

Measure of how prices that sellers receive for goods change over time

is the broader statistical concept covering price changes beyond producer receipts
producer price index
vsprice index
  • Formal
1 6.3

A number that shows changes in prices companies that make things get when they sell to shops or other businesses

is focused on prices received by producers rather than general consumer or overall prices
index number
vsprice index
  • Specialized
1 5.5

A number that shows how things like prices change over time or between places

is a price-specific statistical measure rather than any variable's index
retail price index
vsprice index
  • UK
5.0

An official measure of how consumer prices change over time

is the broader statistical measure for price changes, not only consumer purchases
wholesale price index
vsprice index
  • Specialized
3.9

A number that shows how prices of goods sold in large amounts change over time

is the broader statistical measure not limited to wholesale markets

How High

hyperinflation
  • Specialized
25 7.3
inflation
  • Specialized
424 3.8
price index
  • Specialized
15 3.2
deflation
  • Specialized
24 6.3

Surface Forms

price index singular
price indexes plural
price indices plural

Morphology

price + index

The meaning is directly compositional: 'price' (cost) modifies 'index' (a numeric indicator), so 'price index' straightforwardly denotes an index measuring prices or price changes. This noun–noun construction is common cross-linguistically and follows standard English compounding patterns, so a B1 learner who knows both constituents can infer the meaning.

Etymology

Price index comes from the idea of price (what you pay) plus index (a single number or list that points to change). So a price index is like a simple score that tells you about 'changes in prices' over time.