price index


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.
Related to price index: consumer price index, retail price index, wholesale price index

price index

[′prīs ‚in‚deks]
(statistics)
A statistic used primarily in economics to indicate an average level of prices in a time series; combines several series of price data into one index.
References in periodicals archive ?
For example, the IPP February price index for corn increased 3 percent from January, so the BEA advances the January price index for corn by 3 percent from 207 to 213.
Northern median house price index for the upper price segment rose 8.
The Sugar Price Index averaged 420 points in January, up 5.
Conceptually, each observation used in the construction of a particular price index represents the period-to-period price change of an item as defined by very specific attributes and reported by a specific establishment.
According to Consumer Price Index, the monthly real profit rate of investors of deposit interest was 0.
For the next few months, prices followed an overall descending path bringing the BuySell Home Price Index to its lowest level for 2008 in July at 142.
The taxpayer used the dollar-value, inventory price index computation (IPIC) LIFO method.
It also includes a unique provision that ties annual raises to the national consumer price index, which rose last month, meaning workers will get 3.
b) The term "Base Price Index" shall mean the Price Index for the each year prior to the attained year commencing upon the 2nd anniversary of the lease term.
Paul pointed out, even some Keynesian economists admit that the Consumer Price Index (CPI) "grossly understates true [price] inflation," with "the most glaring problem" being that "CPI excludes housing prices, instead of tracking rents.
During that decade the consumer price index doubled, rising at a 7.
The office's forecast came after the wholesale rice price index in October jumped 24.