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In the near term, about two-thirds of the derivatives are based on prices for heating oil, which follow rates for jet fuel more closely than those for crude oil.
Airbnb, for example, recommends rates based on prices for comparable homes.
Central bank policymakers rely on a different inflation measure based on prices for personal consumption expenditures.
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Buying the property, on the other hand, would cost you 28 times that amount, or $4.4 million, based on price for comparable properties in the area.
PPP takes into account the relative value of currencies based on price for a basket of commodities as a way to measure how much a unit of currency actually buys in each country.
These were said to be a way to manipulate an index compiled by WM/Reuters and based on prices of currencies for a 60-second period.
Ofcom has revised annual licence fees, which were last increased in 2000, based on prices paid for 4G in the UK and elsewhere in Europe.
Doses of anti-cancer drugs were given in accordance with recommendations, and were accounted for based on prices in 2010.
Because patients were recruited between August 2007 and November 2010, invoices are based on price rates for four different years.
It would be hard to imagine anyone throwing away Mr. Zivic's, based on price alone: it sells for $1,200.
Shake Shack, he adds, doesn't shop for meat based on price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com