Prevailing prices

USAGE SUMMARY

The phrase "Prevailing prices" is correct and usable in written English.
It can be used to refer to the current market prices that are most commonly accepted or observed for goods or services. Example: "The prevailing prices for housing in the area have increased significantly over the past year."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

35 human-written examples

Tickets will be sold at prevailing prices in the various theaters.

The New York Times

It is about half the size when adjusted for differences in prevailing prices.

The New York Times

This money is then available to finance the various transactions carried out in the economy at the prevailing prices.

Encyclopedia Britannica

China's economic output in 2005 was worth $2.24 trillion at prevailing prices and actual market exchange rates.

The New York Times

We find that individual valuations and prevailing prices are systematically affected by both exogenous manipulations of price expectations and endogenous but divergent price feedback.

Journal of Economic Behavior & Organization

At the prevailing prices the supply of meat would have exceeded the demand, and the demand for shoes would have exceeded the supply.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

25 human-written examples

That's about 43p - compared to the prevailing price in Britain of 85p per litre.

The Guardian

This year the prevailing price is $4.50 a bushel, up 50 cents from last year.

The New Yorker

This definition of utility, however, led to a paradox when applied to prevailing price relations.

Britannica

If they wish to purchase less than is available at the prevailing price, suppliers will bid prices down.

Encyclopedia Britannica

Osborne has pledged to offer £2bn of shares to the public at a 5% discount to the prevailing price.

The Guardian - Business

Expert writing Tips

Best practice

When discussing economics or finance, use "prevailing prices" to clearly indicate the current market standard without implying an endorsement of those prices.

Common error

Avoid using "prevailing prices" when you actually mean prices that are considered equitable or just. "Prevailing prices" simply refers to the current market rate, which may not always be fair.

Linguistic Context

The phrase "prevailing prices" functions as a noun phrase where the adjective "prevailing" modifies the noun "prices". It describes the current or most common prices in a given market or context. The use of "prevailing prices" suggests an acknowledgment of the existing market conditions.

Expression frequency: Common

Frequent in

News & Media

41%

Science

24%

Encyclopedias

12%

Less common in

Academia

12%

Formal & Business

9%

Reference

0%

Ludwig's WRAP-UP

The term "prevailing prices" is a common and grammatically sound phrase used to denote the current market price for goods, services, or assets. Ludwig AI indicates that this phrase is correct and usable in written English. It appears frequently in News & Media, scientific, and encyclopedia contexts. While the phrase itself doesn't imply fairness, it simply reflects the current market conditions. For alternative expressions, consider "current market prices" or "going rates" depending on the level of formality required.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Current market prices

Replaces 'prevailing' with 'current' and 'market', focusing on the present state of the market.

Going rates

An informal alternative referring to commonly accepted prices.

Usual costs

Emphasizes typicality and commonness of the price.

Standard prices

Highlights the idea of an established norm in pricing.

Typical market values

Combines the sense of usual and the broader concept of market valuation.

Market averages

Focuses on the average price level in the market.

Common prices

A simpler and more direct way to indicate prices that are widely seen.

Acceptable price levels

Highlights prices that are considered within a reasonable or agreed-upon range.

Established prices

Implies prices that have been recognized and maintained over time.

Contemporary prices

Focuses on prices that are relevant to the current time period.

FAQs

How do you use "prevailing prices" in a sentence?

You can use "prevailing prices" to describe the current market cost of goods or services. For example, "The cost of construction materials is subject to the "prevailing prices" of lumber and steel".

What's a good alternative to "prevailing prices"?

Alternatives include "current market prices", "going rates", or "standard prices" depending on the context.

Are "prevailing prices" always fair prices?

No, "prevailing prices" simply reflect the current market conditions and may not always be considered fair or equitable. Factors like supply, demand, and market manipulation can influence prices.

What factors affect "prevailing prices"?

Supply and demand, economic conditions, competition, and government regulations can all affect "prevailing prices" in a market.