price level

noun
an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
Syn: ↑price index
Hypernyms: ↑index, ↑index number, ↑indicant, ↑indicator

* * *

noun
: an average of prices at a particular time relative to that at some other time — compare price index

* * *

price level noun
The average of many prices of commodities
• • •
Main Entry:price

* * *

price level,
1. the general level of prices, as may be shown by a consumer price index: »

But until the public shows strong and definite hostility toward inflationary wage settlements, we must expect rising labor costs to push the price level slowly upward (Sumner H. Slichter).

2. the average price of any product during a certain period: »

The whole TV price level slid downhill with [the] introduction of portable sets priced substantially below table or console models (Time).


Useful english dictionary. 2012.

Look at other dictionaries:

  • price level — ➔ level1 * * * price level UK US noun [C] ► ECONOMICS the average price of all the goods and services in a country or area over a particular period of time: » When the price level rises in an economy, the average price of all goods and services… …   Financial and business terms

  • Price level — A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index .… …   Wikipedia

  • Price Level — The average of current prices across the entire spectrum of goods and services produced in the economy. In a more general sense, price level refers to any static picture of the price of a given good, service or tradable security. Price levels may …   Investment dictionary

  • price level — The average level of prices of goods and services in an economy, usually calculated as a figure on a price index. See Retail Price Index …   Big dictionary of business and management

  • price level — noun An index of the average market price of selected goods weighted according to certain criteria …   Wiktionary

  • price level — / praɪs ˌlev(ə)l/ noun the average price of a particular product in a country at a particular time …   Marketing dictionary in english

  • price-level targeting — UK US noun [U] ECONOMICS ► a type of monetary policy (= government actions to control the amount of money in an economy) which aims to keep the price level at a particular level, measured according to the CPI: »In theory price level targeting is… …   Financial and business terms

  • Price Level Targeting — A monetary policy goal of keeping overall price levels stable, or meeting a pre determined price level target. The price level used as a barometer is the Consumer Price Index (CPI), or some similarly broad measure of cost inputs. A central bank… …   Investment dictionary

  • Price Level Adjusted Mortgage - PLAM — A special type of graduated payment mortgage that adjusts for inflation. The interest rate of a price level adjusted mortgage (PLAM) does not change, but the outstanding principal is changed periodically based on the inflation rate. These… …   Investment dictionary

  • price-level accounting — A system of accounting that attempts to take into account changes in price levels, thus avoiding some of the criticisms of historical cost accounting. There have been many proposed methods but they have not been implemented, often because of the… …   Accounting dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.