market basket

(redirected from Basket of goods)

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 ?
During the week, average prices of 17 items rose in a selected basket of goods, prices of 10 items fell and rates of remaining 26 goods recorded no change.
The basket of goods used for inflation calculations includes around 700 items, including everything from everyday groceries - yes, even fish fingers - to cars, DVD players and NHS prescription charges.
A BORDER town is fighting to stop shoppers going North this Christmas by preparing a shopping basket of goods that are cheaper to buy in the South.
The research was based on the Retail Price Index (RPI), which measures the cost of an average basket of goods and services, and data from the Expenditure and Food survey from the past 30 years.
The adverts, which compared the price of a basket of goods at Tesco with Asda and Morrisons, included many promotional items.
Also in the basket of goods we recheese, potatoes, bolognese sauce and cornflakes.
The first in a series of comparisons of the price of a standard basket of goods is due to be unveiled today but one senior Commission official emphasised: "We are not interfering with market forces - but where there is no obvious explanation for why the price of a standard item, say, a camera, is vastly different across borders, we will want to know why.
How much do you think this shopping basket of goods from Marks & Spencer would set you back?
The overall market basket of goods in the index has increased nearly 3 percent on an annual basis.
Overall, price declines accelerated in October as the total cost for the market basket of goods tracked by Price Watch fell.
During the week, average prices of 14 items rose in a selected basket of goods, prices of 10 items fell and rates of remaining 29 goods recorded no change.
During the week, average prices of 14 items rose in a selected basket of goods, prices of 11 items fell and rates of remaining 28 goods recorded no change.