price level
Economy's cost measure
Price level refers to the average of prices across an economy at a given time, used to measure inflation or deflation.
Economists track changes in the price level to understand purchasing power: The general price level rose 3% last year.
A rising price level means each unit of currency buys less than before.
Alphabetical guide to contents
- indicatorSign revealing status
- benchmarkStandard for comparison
- gaugeStandard of measurement
- measureUnit of quantity
baseline · metric · reference point · yardstick · barometer · tracking · CPI · PPI
Sustained price level increase
- deflationSustained decrease in prices
- macroeconomicsStudy of aggregate economies
- economic indicatorStatistic measuring market health
- equilibriumState of balance
monetary policy · fiscal policy · nominal · real income · recession · stagflation · hyperinflation · disinflation
National currency management institution
- interest ratesPrice paid for borrowing
- money supplyTotal currency in circulation
- quantitative easingAsset purchases to boost economy
- currencyMedium of exchange
liquidity · credit · cost-push · devaluation · depreciation · appreciation · exchange rate · Fed
Price of basic necessities
- affordabilityState of being purchasable
- purchasing powerEconomic spending ability
- household budgetPlan for domestic expenses
- spending powerAbility to buy things
real wages · standard of living · housing costs · utility costs · disposable income
index
Alphabetical guide to contents
measure · baseline · metric · reference point · yardstick · barometer · tracking · CPI · PPI · weighted average
inflation
Sustained price level increase
- deflationSustained decrease in prices
- macroeconomicsStudy of aggregate economies
- economic indicatorStatistic measuring market health
equilibrium · monetary policy · fiscal policy · nominal · real income · recession · stagflation · hyperinflation · disinflation · purchasing power
central bank
National currency management institution
- interest ratesPrice paid for borrowing
- money supplyTotal currency in circulation
- quantitative easingAsset purchases to boost economy
currency · liquidity · credit · cost-push · devaluation · depreciation · appreciation · exchange rate · Fed · reserve bank
cost of living
Price of basic necessities
- affordabilityState of being purchasable
- purchasing powerEconomic spending ability
- household budgetPlan for domestic expenses
spending power · real wages · standard of living · housing costs · utility costs · disposable income
- monetary policyinflation, central banking, deflation, central bank, money supply
- Cost of Livingrent, utilities, groceries, housing, healthcare
- inflationinflation, CPI, hyperinflation, cost-push inflation, stagflation
- public financepublic debt, budget deficit, tax revenue, budgets, expenditure
price leveldeflation
Sustained decrease in prices
inflation · rising prices · price increase · disinflation · hyperinflation
price levelreal value
True underlying worth
purchasing power · real income · real wages · real GDP · real terms
level, price, prices, priced, pricing, overpriced, overprice, unpriced, misprice