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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 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.
(Definition of producer price from the Cambridge Business English Dictionary © Cambridge University Press)
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