Meaning of “market basket” in the English Dictionary

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"market basket" in Business English

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market basketnoun [ C ]

uk us 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.

(Definition of “market basket” from the Cambridge Business English Dictionary © Cambridge University Press)