Entry from British & World English dictionary
Definition of market basket in English:
1A large basket, typically one with a lid, used to carry provisions.
- I clutched the market basket in my hands, full of flour and apples and other foods.
1.1 Economics A selected list of food and household items chosen as a representative sample of common purchases and used to measure the cost of living: East Europeans hardly have access to the same market basket of goods
More example sentences
- A market basket of foodstuffs costs 1.3 times more in the Far East than in an average Russian region, but the per capita income is 4.2 percent lower.
- You can only use the ingredients listed in the market basket.
- The 3.5 year bond will pay out 55 per cent on any growth of the stock market basket plus 100 per cent of the initial capital deposited back at the end of the term.
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