price level


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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
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
References in periodicals archive ?
When price levels in countries are compared with the EU average price level index of 100, the results show that last year, the price of meat was highest in Austria (price level index of 146), Luxembourg (142), France (131) and Belgium (126).
He wouldn't buy the stock at its current price level.
In 2018, the price level of a comparable basket of food and non-alcoholic beverages across the European Union (EU) was twice as high in the most expensive Member State than in the cheapest one.
Similarly, it dropped further by 6.96 percent from the price level of P20.40/kg recorded in the same period last year.
Oaikhenan, a lecturer in the Department of Economics and Statistics, University of Benin, said the policy would result in increase in general price level.
Relative TFPs that factor in cross-prefectural price level gaps can be computed by replacing real value added in Equation (5) with the newly calculated V#, which gives us the following equation.
However, despite the slight decrements since end-July, the farm-gate price of yellow corn was still 26.47 percent higher than the P11.22 per kg recorded price level in August 2017.
In addition to the 28 EU-member states, the Eurostat survey included data from three European Free Trade Association (EFTA) countries (Iceland, Norway and Switzerland).Within the EU as a whole, Bulgaria is the cheapest country, with an overall price level of 30-percent lower on average than in Slovakia.
One issue that has been discussed is whether the Fed should abandon "inflation targeting"--setting its objective in terms of a rate that should, ideally, be more or less what prevails in most years--in favor of "price-level targeting"--hypothesizing a longer-term objective for the path of the price level, which could imply substantial periods of high inflation (to get back up to path) or low inflation (to move back down to the path).
On the current oil prices, he said that there is "no specific fair price" because it changes permanently according to market conditions, as the price level reflects the state of the oil market, noting that the state of improving the fundamentals of the oil market will strengthen prices levels in the coming months.
"Tobacco", "housing, water, electricity and gas", "health", "communication", "recreation and culture", "education", "restaurants and hotels", and "miscellaneous goods and services" group have remained flat at the last month's price level. The y-o-y price increase was primarily due to the increasing prices seen in the six groups, namely: "transport" by 8.5 percent, "food and beverages" by 5.6 percent, "health" by 3.6 percent, "education" by 1 percent, "miscellaneous goods and services" by 0.6 percent, and "clothing and footwear" by 0.1 percent.