price level

Definitions 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
    synonyms: price index
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    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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