market basket

noun

: a variety of consumer goods and services used to calculate a consumer price index

Example Sentences

Recent Examples on the Web The consumer price index is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Ivana Pino, Fortune, 12 Jan. 2023 Even with the increase, this market basket works out to about $6.50 per person for a Thanksgiving feast. Susan Selasky, Detroit Free Press, 16 Nov. 2022 Together, these components constitute a little more than half of the average market basket. David Wilcox, CNN, 25 Oct. 2022 Other items include placemats, a bean jar, and a market basket perfectly designed to be slung over one arm. Elise Taylor, Vogue, 19 Oct. 2022 The harsh regime will have to last until the Bureau of Labor Statistics calculates that its market basket (the basis of the ever-dubious Consumer Price Index) is no longer on fire, and signals the All Clear. George Calhoun, Forbes, 3 Oct. 2022 Along with July 4th survey, the AFBF market basket series of surveys includes the cost of common foods for the Thanksgiving holiday. Susan Selasky, Detroit Free Press, 29 June 2022 An American Farm Bureau Federation market basket survey shows an average cost of $69.68 this year for cheeseburgers, pork chops, chicken breasts, potato salad, ice cream and strawberries to feed 10 people. Staff Reports, San Antonio Express-News, 1 July 2022 With a Provençal market basket, Coastal Grandmother is good to go. Rory Satran, WSJ, 30 Apr. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'market basket.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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 29 Jan. 2023.

Last Updated: - Updated example sentences
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