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Price index

Price index Definition

A price index is any single number calculated from an array of prices and quantities over a period. Since not all prices and quantities of purchases can be recorded, a representative sample is used instead. Inflation and cost indices are calculated as price indices.

Notable price indices are

  • Consumer price index
  • Producer price index
  • Personal consumption expenditures price index

RELATED TERMS
Commodity Price Index
RELATED CATEGORIES
Economy







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