price index
Cost comparison measure
A price index is a statistical measure that tracks changes in prices over time for a basket of goods and services, expressed relative to a base period typically set at 100.
Economists and governments use price indexes to measure inflation, adjust wages, and compare purchasing power across different times or places.
The Consumer Price Index (CPI) tracks retail prices affecting households, while the Producer Price Index (PPI) measures wholesale prices.
The price index rose 3.2% over the past year.
Inflation measurement abbreviation
- PPIDebt repayment coverage
- purchasing powerEconomic spending ability
- core inflationPrice growth sans volatility
- cost-pushInflation from higher production expenses
hyperinflation · stagflation · deflation · disinflation · monetary policy · interest rates · quantitative easing · devaluation
Statistic measuring market health
- market basketContainer for purchased goods
- consumer spendingHousehold purchasing of goods
- commoditiesTradeable raw materials
- exchange rateCurrency conversion value
Comparison starting point for indices
- weightingAssigning relative importance values
- benchmarkStandard for comparison
- samplingExtracting subset for study
- imputationAscribing fault to another
Chronologically ordered observations
- trend analysisExamining directional data shifts
- year-over-yearComparing same periods annually
- annualizedExpressed as yearly rate
- volatilityRapid, unpredictable changeability
variance · moving average · smoothing · outliers · revision · methodology · data collection · survey
CPI
Inflation measurement abbreviation
- PPIDebt repayment coverage
- purchasing powerEconomic spending ability
- core inflationPrice growth sans volatility
cost-push · hyperinflation · stagflation · deflation · disinflation · monetary policy · interest rates · quantitative easing · devaluation · depreciation
economic indicator
Statistic measuring market health
- market basketContainer for purchased goods
- consumer spendingHousehold purchasing of goods
- commoditiesTradeable raw materials
base year
Comparison starting point for indices
time series
Chronologically ordered observations
- trend analysisExamining directional data shifts
- year-over-yearComparing same periods annually
- annualizedExpressed as yearly rate
volatility · variance · moving average · smoothing · outliers · revision · methodology · data collection · survey · aggregation
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- living costsutility bills, healthcare costs, monthly expenses, living expenses, childcare costs
- finance termsnet profit, gross profit, budget, credit, debt
- economic chartsdemand curve, supply curve, budget line, yield curve, marginal cost
- economic dataGDP, CPI, PPI, inflation rates, inflation rate
- economic indicatorsGDP, GDP report, GNP, CPI, PPI
price indexunit price
Cost per single item
spot price · sticker price · asking price · market price · quoted price
price, index, prices, priced, pricing, overpriced, unpriced, pricier, priciest