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price level is a noun meaning "an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time". It carries one recorded sense.
an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
Definitions, synonyms and semantic relations for price level come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.