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 ?
With regard to the impact of US rock oil at price levels, he said that increased production led to imbalance of the market with the increase in supply, which contributed to the weakness of crude oil prices in previous years and other factors, pointing out that there are expectations of continued increase in rock oil production in the coming months.
It added that the deceleration in convergence trends is due to different methodologies used in measuring the price level in Slovakia.
In 2016, the price level of a comparable basket of food and non-alcoholic beverages across the EU was more than twice as high in the most expensive Member State than in the cheapest one.
In such a case, there should be no price level surge.
The DFMGI needs to stay above that price level if it is to have a chance of exceeding the recent peak in the near future.
A rising price level in the short-run, however, may originate from either increased aggregate demand or decreased aggregate supply and these different causes of inflation have opposite effects on real income and in turn the exchange rate.
There, with demand too weak to match productive capacity and interest rates at or near zero, a sustained fall in the price level means that real interest rates rise.
We examine the role of aggregate demand price level elasticity for the balance of trade when an economic expansion happens as a result of either an increase of aggregate demand or an increase of short-run aggregate supply.
PT is a regime that entails, above all, a commitment to undo the effects of shocks on the price level.
The house price level was also assumed to converge to steady ratio against the level of Sydney through distinct paths.
The city of Istanbul had the highest price level with 113.
In 2012, the price level of a comparable basket of food and non-alcoholic beverages was more than twice as high in the most expensive EU27 member state than in the cheapest one, Eurostat said, on 21 June.