Noun price level has 1 sense
  1. price index, price level - an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
    --1 is a kind of index, index number, indicant, indicator
    --1 has particulars:
     retail price index; producer price index, wholesale price index; consumer price index, CPI, cost-of-living index
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