market basket Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “market basket” in the English Dictionary

"market basket" in Business English

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market basketnoun [C]

uk   us   ECONOMICS
a ​fixedlist of ​consumergoods and ​services that is used to ​measureinflation in an ​economy or a ​specificmarket: The Consumer Price Index is a ​measure of the ​averagechange in ​prices over ​time in a ​fixedmarket basket of ​goods and ​services.
(Definition of market basket from the Cambridge Business English Dictionary © Cambridge University Press)
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