PRICE LEVEL

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does price level mean? 

• PRICE LEVEL (noun)
  The noun PRICE LEVEL has 1 sense:

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

  Familiarity information: PRICE LEVEL used as a noun is very rare.

 Dictionary entry details 

• PRICE LEVEL (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting communicative processes and contents

Synonyms:

price index; price level

Hypernyms ("price level" is a kind 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)

Hyponyms (each of the following is a kind of "price level"):

retail price index (an index of changes in retail prices)

producer price index; wholesale price index (an index of changes in wholesale prices)

consumer price index; cost-of-living index; CPI (an index of the cost of all goods and services to a typical consumer)