Price Level

A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index.

Read more about Price Level:  Theoretical Foundation, Significance

Famous quotes containing the words price and/or level:

    “If you know some other way that I can be honest with you, you gotta tell me.”
    —Richard Price (b. 1949)

    “We never exchange more than three words with a Friend in our lives on that level to which our thoughts and feelings almost habitually rise.”
    —Henry David Thoreau (1817–1862)