Noun
an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
Source: WordNetA decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. Alan Greenspan
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. William Vickrey
The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times. Robert Mundell
“Accordingly, the government of AP submitted second RCE for Rs 57,297 crore at 2017-18 price level and the reasons for increasing the cost of the project are due to time overrun, change in design, price escalation and adoption of LA, R & Ra,” he said. Source: Internet
MIDI plc lost 1.6% as it reached the €0.38 price level. Source: Internet
If the money wage is fixed, the real wage is fixed for any given average price level, so that rigid money wages have the same effect as rigid real wages when the price level is given. Source: Internet