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price index, measure of relative price changes, consisting of a series of numbers arranged so that a comparison between the values for any two periods or places will show the average change in prices between periods or the average difference in prices between places.
A price index is a measure of price changes using a percentage scale. A price index can be based on the prices of a single item or a selected group of items, called a market basket. For example, several hundred goods and services—such as rent, electricity, and automobiles—are used in calculating the consumer price index.
The meaning of PRICE INDEX is an index number expressing the level of a group of commodity prices relative to the level of the prices of the same commodities during an arbitrarily chosen base period and used to indicate changes in the level of prices from one period to another.
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
The Consumer Price Index (CPI) is an economic measure that gauges the average alteration in prices of goods and services bought by households over a period of time. The CPI is widely used by economists, policymakers, and investors to gauge the health of an economy and make informed decisions.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas.
The Consumer Price Index measures the overall change in consumer prices based on a representative basket of goods and services over time. The CPI is a widely used measure of inflation,...
PRICE INDEX definition: a measurement of the changes in the price of goods and services over a period of time: . Learn more.
PRICE INDEX meaning: a measurement of the changes in the price of goods and services over a period of time: . Learn more.
A price index (PI) is a measure of how prices change over a period of time, or in other words, it is a way to measure inflation. There are multiple methods on how to calculate inflation (or deflation). In this guide we will take a look at a couple of methods on how to do so.