Akademik

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

1. or price relative : a price expressed as a percentage of itself in some arbitrarily chosen base period

2. : the weighted average of a group of price indexes used to indicate changes in the level of prices from one period to another

an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100.

[1885-90]

price index noun

An index number which relates current prices to those of a base period or base date, the latter usu being assigned the value of 100

Main Entry: ↑price

price index,

= consumer price index. (Cf. ↑consumer price index)

ˈprice index [price index] noun

= ↑retail price index