Definition of price relative in English:

price relative

Line breaks: price rela|tive

noun

The ratio of the price of something at one time to its price at another.
More example sentences
  • A price relative of less than 1 indicates that the price level has fallen.
  • A price relative of 1 indicates that the price level has not changed.
  • To re-calculate the expenditure on fruit and on vegetables at 2002 prices we divide the expenditure totals for 2003 by the price relatives.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day flippant
Pronunciation: ˈflɪp(ə)nt
adjective
not showing a serious or respectful attitude