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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for market basket 

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 30 Nov. 2024.

Love words? Need even more definitions?

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