price level

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price level

the general level of prices in an economy, as measured by a PRICE INDEX. Price levels in two consecutive time periods are often compared as an indication of INFLATION.
References in periodicals archive ?
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.
Food price levels highest in Denmark, lowest in Poland and Romania.
On the contrary, if suppliers choose to pass the increase to their customers, then price levels will definitely increase.
Real income and the price levels of both countries also vary positively with changes in the respective nominal money supplies.
General impulse response functions are also employed to forecast house price levels.
For bread and cereals, price levels ranged from 57% of the EU27 average in Bulgaria to 159% in Denmark; for meat from 55% in Poland to 132% in both Denmark and Austria; and for milk, cheese and eggs from 63% in Poland to 141% in Cyprus.
For bread and cereals, price levels ranged from 57 per cent of the EU27 average in Bulgaria to 159 per cent in Denmark; for meat from 55 per cent in Poland to 132 per cent in both Denmark and Austria.
This in turn is reflected in higher than average price levels in restaurants and hotels, with Ireland coming in fourth place after the three Nordic countries.
The domestic price levels of rebar have not changed since our last analysis.
This Commentary argues that there are good reasons to believe that the Bank of Canada does not perfectly observe the "true" inflation rate and price level when implementing policy, perhaps as a result of measurement errors or conceptual difficulties in defining these indicators.
Taken literally, price stability is a constant price level.
Price deflators are commonly used to adjust data for changes in price levels.