Definition of price relative in English:

price relative

noun

  • The ratio of the price of something at one time to its price at another.

    • ‘A price relative of less than 1 indicates that the price level has fallen.’
    • ‘A price relative of 1 indicates that the price level has not changed.’
    • ‘To re-calculate the expenditure on fruit and on vegetables at 2002 prices we divide the expenditure totals for 2003 by the price relatives.’