price leadershipJuly 22, 2026price makerJuly 22, 2026 July 22, 2026 The representation, through an index number, of the average prices paid for goods and services during a certain year. The index number represents a weighted average. Related Articles: How Two Economists Assess Jerome Powell’s LegacyGlossary: consumer price index (CPI)How to Judge a Tariff6 Facts: What It’s Nice To Know About TariffsWhen and Where Higher Temperatures Elevate Food Prices Share