at prevailing prices

USAGE SUMMARY

The phrase "at prevailing prices" is correct and usable in written English.
It can be used when discussing the current market rates or costs for goods or services. Example: "The company plans to purchase raw materials at prevailing prices to ensure they remain competitive in the market."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

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

The New York Times

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

The New York Times

"Gross market values", which show how much money would change hands if derivative contracts were sold on the reporting date at prevailing prices, are a better guide.

The Economist

In other words, millions of people would be compelled to spend lots of money on something they previously did not want, at least not at prevailing prices.

The New York Times - Health

The load factor is a quantity of the extent to which supply and demand are balanced at prevailing prices [18].

European Transport Research Review

Hence, the load factor is a measure of the extent to which supply and demand are balanced at prevailing prices.

European Transport Research Review

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

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

Encyclopedia Britannica

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

Demand refers here to amounts of the various types of health services that the population of a given area will seek and has the means to purchase at the prevailing prices within a given period.

Human Resources for Health

Prior to the drying up of buyout financing, equities were trading at an elevated level that reflected the possibility that many stocks would become subjects of LBO-based bids at premiums to prevailing prices.

Forbes

At current US prevailing prices, 39 this represents a cost of $2.7 billion a year.

Diabetes, Metabolic Syndrome and Obesity: Targets and Therapy

Expert writing Tips

Best practice

Use "at prevailing prices" when you want to indicate that a transaction or valuation is based on the current market conditions, lending an air of objectivity and fairness.

Common error

Don't use "at prevailing prices" if you are referring to a fixed, pre-agreed price, as it implies the price is subject to market fluctuation. For fixed agreements, specify "at the agreed price" instead.

Linguistic Context

The phrase "at prevailing prices" functions as an adverbial phrase, modifying a verb by specifying the conditions under which an action (like buying or selling) occurs. It indicates that the action happens based on current market values, as shown in the Ludwig examples.

Expression frequency: Common

Frequent in

News & Media

30%

Science

30%

Encyclopedias

20%

Less common in

Formal & Business

10%

Academia

5%

Reference

5%

Ludwig's WRAP-UP

The phrase "at prevailing prices" is a common and grammatically correct adverbial phrase used to indicate that a transaction or valuation is based on current market rates. Ludwig AI confirms its appropriate usage across various contexts, including news, science, and business. When writing, using "at prevailing prices" conveys transparency and objectivity, assuring the audience that the pricing reflects current market conditions. While alternatives like "at current market rates" and "at market price" exist, "at prevailing prices" carries a slightly more formal tone. Remember to avoid using it when referring to fixed prices, as it implies market fluctuation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

at current market rates

Focuses on the immediate market conditions influencing the price.

at existing price levels

Emphasizes the levels or ranges at which prices are currently set.

at the going rate

Highlights the commonly accepted or standard price.

at present prices

Emphasizes the prices that are now in effect.

at the current valuation

Highlights the current assessed value or worth.

at today's market value

Specifies that the value is according to the market on the current day.

at the fair market price

Emphasizes that the price is just and reasonable based on the market.

at market price

Shortened form focusing on the open market determination of price.

at prevailing market value

Combines market forces with a value assessment.

at competitive prices

Highlights how prices compare relative to other offerings in the market.

FAQs

How can I use "at prevailing prices" in a sentence?

You can use "at prevailing prices" to indicate that a transaction is based on current market rates. For instance, "The company plans to purchase raw materials "at prevailing prices" to ensure they remain competitive."

What's an alternative to saying "at prevailing prices"?

Alternatives include "at current market rates", "at the going rate", or "at market price", depending on the specific nuance you want to convey.

Is it more formal to say "at prevailing prices" or "at market price"?

"At prevailing prices" is generally considered more formal than "at market price". "At prevailing prices" is often used in business and economic contexts, while "at market price" is more commonly used in everyday language.

What does "prevailing" mean in the context of "at prevailing prices"?

In this context, "prevailing" means current or existing at a particular time. So, "at prevailing prices" means at the current market prices available at the time of the transaction.