average earnings index
noun[C]
ECONOMICSukuspluralaverage earnings indices|average earnings indexes(abbreviationAEI)in the UK, aseriesofnumbersthatcomparestheaverageamountofmoneyearnedby aworkerduring theyearwith theamountearnedin thepreviousyear:
Theaverageearningsindexisexpectedto show thatwagesroseat a 4.4%annualpaceinAugust.