wholesale price index
- noun
- /ˈhoʊlseɪl praɪs ˈɪndɛks/
- Specialized
:
índice de precios mayoristas
- In 1973, the wholesale price index shot up by 48.3 percent, while wages increased 16.4 percent.
Examples
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Experts are concerned that a sustained increase in the wholesale price index could lead to higher retail prices.
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During the same period, the wholesale price index increased by 44.4 percent.
Academic text (1997) -
The recent rise in the wholesale price index indicates that the cost of bulk goods is increasing.
-
Analysts use the wholesale price index to assess inflation trends in the economy.
Synonyms
3
7.3
Measure of how prices that sellers receive for goods change over time
1
6.3
A number that shows changes in prices companies that make things get when they sell to shops or other businesses
Surface Forms
Morphology
The meaning is directly compositional: 'wholesale' specifies the market level (goods sold in bulk), 'price' denotes cost, and 'index' denotes a numeric measure, so a B1 learner who knows these words can infer it measures wholesale prices over time. This noun-noun compound follows transparent, cross-linguistic compounding patterns and is predictable rather than idiomatic.
Etymology
The term wholesale price index comes from a simple idea: imagine a board that shows the price of goods sold wholesale, that is, in large amounts, and the index is a single number that tells how those prices move over time. So, it means a number that 'measures' how wholesale prices change.