Definition of Price index:
Percentage number that shows the extent to which a price (or a basket of prices) has changed over a period (month, quarter, year) as compared with the price(s) in a certain year (base year) taken as a standard. See also consumer price index.
An index number showing variations in the prices of a certain group of goods over time; compare retail price index, consumer price index.
How to use Price index in a sentence?
- After I looked in the price index , I realized that we were not looking at the right price and needed to go further.
- The price index provided a useful too for us to observe any variations in the elements involved in our equation.
- I invested a great deal of money in that stock because its price index showed such anticipated high growth in value this quarter, when compared to each quarter last year.
Meaning of Price index & Price index Definition