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What does price index mean?

April 26, 2017context examples definition dictionary english learning index mean price sense synonyms

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What does price index mean?

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• PRICE INDEX (noun) The noun PRICE INDEX has 1 sense: 1. an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time Familiarity information: PRICE INDEX used as a noun is very rare.