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 President Joe Biden has weighed in on the Department of Labor report out Friday that shows the consumer price index, which measures the prices consumers pay for a market basket of everyday goods and services, climbed at its fastest rate in nearly 40 years. Allison Pecorin, ABC News, 10 Dec. 2021 This is the first time since 2019 that the total Indiana market basket price came in above the U.S. average. The Indianapolis Star, 28 June 2023 Country Living's team loves the ritual of heading to the farmers' market (with our favorite market baskets) during the summer and even harvesting fresh produce from our very own backyard gardens and raised gardening beds. Country Living, 28 July 2023 Along with Fourth of July survey, the AFBF market basket series of surveys includes the cost of common foods for the Thanksgiving holiday. Susan Selasky, Detroit Free Press, 2 July 2023 The state’s market basket price is up about 3%, or 18 cents, than the U.S. average price of $6.77 per person; and up 5%, or 34 cents, than the average price for the Midwest region of $6.61 per person. The Indianapolis Star, 28 June 2023 The market basket also includes pork chops, cheese, pork and beans, potato chips, ice cream, and strawberries. Vanessa Yurkevich, CNN, 27 June 2023 Cooking from what was in the market basket was the easy part for Mamba. Susan Selasky, Detroit Free Press, 1 Mar. 2023 Despite the objectively minor contribution of eggs to the consumer’s overall market basket, people are apparently highly alert to, and upset by, the price increase of about 10 cents per egg over the past year. George Calhoun, Forbes, 5 Feb. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'market basket.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1943, in the meaning defined above

Time Traveler
The first known use of market basket was in 1943

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 23 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!