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price level

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
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Noun1.price level - an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
price index
index number, indicator, index, indicant - 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
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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