market basket definition

  • noun:
    • A grocery cart.
    • Several products in a particular market, especially when considered in terms of its fluctuating price in determining a consumer price index: "The CPI steps the typical price change over time of a set market basket containing more than 200 products or services” ( Teresa Tritch).
    • a listing of items made use of specifically to trace the development of rising prices in an economy or particular market.

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