What is the meaning of 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.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). price index. Retrieved September 21, 2026, from http://smartdefine.org/price_index/definitions/1217106
ChicagoWordNet. 2010. "price index" http://smartdefine.org/price_index/definitions/1217106 (accessed September 21, 2026).
HarvardWordNet 2010, price index, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/price_index/definitions/1217106>.
MLAWordNet. "price index" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/price_index/definitions/1217106>