| / English Dictionary |
PRICE LEVEL
| Pronunciation (US): |  | (GB): | |
I. (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
Synonyms:
price index; price level
Classified under:
Nouns denoting communicative processes and contents
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)
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