price level
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price level
The average level of prices for goods and services in an economy at a specific point in time. It is a measure of the general cost of living or inflation.
Das hohe Preisniveau in der Schweiz macht den Urlaub dort recht teuer.
The high price level in Switzerland makes vacations there quite expensive.
This word is a clear compound made up of 'der Preis' (price) and 'das Niveau' (level). So it literally describes the 'level of prices' in an economy.
Das Preisniveau für Lebensmittel ist in den letzten Monaten stark gestiegen.
The price level for food has risen sharply in recent months.
'Preisniveau' (price level) is a term from the technical language of economics. You find it very often in the news, in newspaper articles about the economy, or in political discussions about inflation.
Die Zentralbank versucht, das Preisniveau stabil zu halten.
The central bank is trying to keep the price level stable.
Common adjectives are 'hoch' (high), 'niedrig' (low), 'stabil' (stable), or 'allgemein' (general). Typical verbs that describe the state or change are 'steigen' (to rise), 'sinken' (to fall), 'anheben' (to raise), or 'stabilisieren' (to stabilize).
Im Vergleich zu den Nachbarländern haben wir ein hohes Preisniveau.
Compared with the neighboring countries, we have a high price level.
The price level is often specified more precisely with a preposition such as 'in' for a place or 'für' for a product category. Examples are 'das Preisniveau in der Eurozone' (the price level in the eurozone) or 'das Preisniveau für Energie' (the price level for energy).
Das Preisniveau für Immobilien in Großstädten ist für viele unbezahlbar.
The price level for real estate in major cities is unaffordable for many people.
