price level
Economic term referring to the general level of prices in an economy, often used in discussions of inflation, purchasing power, or cost of living.
物価水準の上昇が家計を圧迫している。
The rise in the price level is putting pressure on household budgets.
各国の物価水準を比較すると、この国はかなり高い。
Comparing price levels across countries, this country is quite high.