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Definition of price index noun from the Oxford Advanced Learner's Dictionary

price index

noun

/ˈpraɪs ɪndeks/

/ˈpraɪs ɪndeks/

(also retail price index, RPI)

[singular]

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(in the UK) a list of the prices of some ordinary goods and services which shows how much these prices change each month

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See price index in the Oxford Advanced American Dictionary

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