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price relative

Line breaks: price rela|tive

Definition of price relative in English:

noun

The ratio of the price of something at one time to its price at another.
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.

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