producer price Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “producer price” in the English Dictionary

"producer price" in Business English

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producer pricenoun [C]

uk   us   COMMERCE, ECONOMICS, PRODUCTION
the ​pricepaid to a ​company or ​person for the ​goods they ​produce or the ​food that they ​grow: Excluding the ​volatilecategories of ​food and ​energy, ​coreproducerpricesrose by 1.7% in the 12 months to May.
(Definition of producer price from the Cambridge Business English Dictionary © Cambridge University Press)
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