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Definition of Price level
1. Noun. An index that traces the relative changes in the price of an individual good (or a market basket of goods) over time.
Exact synonyms: Price Index
Generic synonyms: Index, Index Number, Indicant, Indicator
Specialized synonyms: Retail Price Index, Producer Price Index, Wholesale Price Index, Consumer Price Index, Cost-of-living Index, Cpi
Generic synonyms: Index, Index Number, Indicant, Indicator
Specialized synonyms: Retail Price Index, Producer Price Index, Wholesale Price Index, Consumer Price Index, Cost-of-living Index, Cpi
Definition of Price level
1. Noun. (economics) An index of the average market price of selected goods weighted according to certain criteria. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Price Level
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