price level
5
4.6
- noun
- /praɪs ˈlɛvəl/
- Specialized
:
nivel de precios
- The price level of consumer goods has increased significantly over the past year, indicating inflation.
- price level stability
- stable price level
- stabilize the price level
It's the percent rise in the price level year after year.
- It's the percent rise in the price level year after year.
- If you know the price levels in Europe, it seems so low that it's hard to be true.
- He says that the households will need several quarters of wages outstripping prices before the wage level catches up with the price level.
Examples
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Economists often analyze the price level to understand changes in purchasing power.
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A sudden rise in the price level can lead to decreased consumer spending and economic uncertainty.
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And the price level in the US has been going up, up, up, which is really the dollar has been going down, down, down.
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And those price levels seem to line up with the frequency of the price effect.
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Stocks were then able to return to a price level that suggests a terrible year followed by mostly normal years going forward.
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Critics of the fiscal theory of the price level are making a similar argument.
Academic text (2017) -
Similarly, what determines the price level in the absence of base money?
Academic text (2017) -
And some people think that's why the US has had such a stable price level because of our independent central bank.
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In the presence of money, monetary and fiscal policy must be coordinated to determine the price level.
Academic text (2017) -
Monetary policy should be implemented to stabilize the general price level, not specific prices, including exchange rates.
Academic text (1990)
Synonyms
30
4.2
A measure of how prices people pay change over time
15
3.2
A number that shows how prices of goods and services change over time
8
3.9
An official measure of how prices people pay for goods and services change over time
An official measure of how consumer prices change over time
How High
- Specialized
25
7.3
- Specialized
424
3.8
- Specialized
5
4.6
- Specialized
24
6.3
Surface Forms
Morphology
The meaning 'the overall/average level of prices' is directly and compositionally derived from combining 'price' (cost of goods) with 'level' (a measured amount or height): it literally denotes the level of prices. This noun+noun compositional pattern is common across languages and follows straightforward English semantics, so a B1 learner who knows both constituents can infer the MWE meaning.
Etymology
The term price level may come from the image of many different price tags making one flat level or line, like a water line that shows the average height of prices. So price level means the general or 'average' price of goods and services and helps talk about changes in the 'value of money'.