Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A number relating prices of a group of commodities to their prices during an arbitrarily chosen base period.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics A statistical estimate of the level of prices of some class of goods or services.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
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