market basket

(redirected from Commodity bundle)
Also found in: Financial, Wikipedia.

market basket

n.
1. A grocery cart.
2. A group of products or services in a specific market, especially when considered in terms of its fluctuating cost in determining a consumer price index: "The CPI measures the average price change over time of a fixed market basket containing more than 200 goods and services" (Teresa Tritch).
Translations
References in periodicals archive ?
7) In this system the unit of account (UOA)--the unit in terms of which prices are quoted in most transactions--is based on a commodity bundle defined quite broadly so that movements in the cost of one such composite-commodity bundle closely represent movements in the "general price level.
We aggregate relative bases across the commodity bundle to get the expected inflation rate for commodities.
The latter term is Niehans's; it means the commodity or commodity bundle of which some specified quantity defines the unit of account [16, 1].
These poverty lines are based on per capita consumption levels associated with a commodity bundle that yielded a specified level of caloric intake believed in 1973-74 to be appropriate for rural and urban areas (2,400 and 2,100 kilocalories per capita per day for the rural and urban areas, respectively).