market basket - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “market basket”

market basket

noun [C]
 
 
ECONOMICS
a fixed list of consumer goods and services that is used to measure inflation in an economy or a specific market: The Consumer Price Index is a measure of the average change in prices over time in a fixed market basket of goods and services. →  See also basket of currencies
(Definition of market basket from the Cambridge Business English Dictionary © Cambridge University Press)
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