A2 [C] the amount of money for which something is sold: The price of oil has risen sharply. House prices have been falling. We thought they were asking a very high/low price. The large supermarkets are offering big price cuts.Costs and expenses C1 [singular] the unpleasant results that you must accept or experience for getting or doing something: Perhaps being unpopular is the price of success. An extra few minutes at the airport is a small price to pay for safe travel.