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market basket
noun
: a variety of consumer goods and services used to calculate a consumer price index
Examples of market basket in a Sentence
Recent Examples on the Web
Inflation represents changes in the cost of a market basket of goods (such as groceries and fuel).
—John M. Bremen, Forbes, 16 Aug. 2024
The intrigue: Another way of getting a better picture of bird flu activity in an anonymized way would be through the use of what's known as market basket surveys, Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota told Axios.
—Tina Reed, Axios, 10 July 2024
Since 2013, the group has been tracking a market basket of grocery prices pegged to specific holiday meals including July 4th and Thanksgiving.
—Susan Selasky, Detroit Free Press, 27 June 2024
An annual survey from the American Farm Bureau Federation revealed that overall costs are up 5% — a record high — from last year for a July Fourth cookout that includes a market basket of typical items.
—Susan Selasky, Detroit Free Press, 27 June 2024
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Word History
First Known Use
1943, in the meaning defined above
Dictionary Entries Near market basket
Cite this Entry
“Market basket.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20basket. Accessed 24 Nov. 2024.
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