What is another word for price index?

Pronunciation: [pɹˈa͡ɪs ˈɪndɛks] (IPA)

A price index is a measure of the average level of prices of goods and services in an economy over a specified period. Synonyms for price index include cost of living index, inflation gauge, consumer price index, and price level index. The cost of living index measures changes in the cost of goods and services essential for an average household, while the inflation gauge measures changes in the general price level in an economy. The consumer price index measures changes in the prices of goods and services bought by consumers, while the price level index measures the average level of prices of goods and services in an economy. These price indexes are used to track inflation, measure purchasing power, and adjust wages and prices in an economy.

Synonyms for Price index:

What are the hypernyms for Price index?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Price index?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Price index

  • We have been restraining the growth of the cost of education-that is, tuition, room and board-to be within approximately one and a half percentage points of the consumer price index.
    Charles Vest

Related words: index price, price index, cost of living index, inflation index, economic indices, price index definition, inflation rates, inflation index vs price index

Related questions:

  • What is an index?
  • What is the price index?
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