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price level

DEFINITIONS OF: price level

1

n an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time

Synonyms:
price index
Types:
retail price index
an index of changes in retail prices
producer price index, wholesale price index
an index of changes in wholesale prices
CPI, consumer price index, cost-of-living index
an index of the cost of all goods and services to a typical consumer
Type of:
index, index number, indicant, indicator
a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time
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