Meaning of PRICE LEVEL

Pronunciation:			prIs 'levul
WordNet Dictionary
	Definition:		[n]  an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
	Synonyms:		price index
	See Also:		consumer price index, cost-of-living index, CPI, index, index number, indicant, indicator, producer price index, retail price index, wholesale price index