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English definition of “producer price”

producer price

noun [C]     COMMERCE, ECONOMICS, PRODUCTION
the price paid to a company or person for the goods they produce or the food that they grow: Excluding the volatile categories of food and energy, core producer prices rose by 1.7% in the 12 months to May. → See also factory cost, wholesale price
(Definition of producer price noun from the Cambridge Business English Dictionary © Cambridge University Press)
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