basic material prices

USAGE SUMMARY

The phrase "basic material prices" is correct and usable in written English.
It can be used when discussing the costs associated with fundamental materials in various contexts, such as manufacturing, construction, or economics. Example: "The increase in basic material prices has significantly impacted our production costs this quarter."

✓ Grammatically correct

News & Media

Encyclopedias

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Mr. Ryan described "a sharp rise in a variety of key global commodity and basic material prices," and an increase in interest rates of longer-term Treasury securities.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

Meanwhile, some commodity-related companies that have been relegated to the fringes of the market amid Wall Street's tech-frenzy bucked the downturn as basic materials prices improved somewhat.

Forbes

British consumers suffer because it pushes up inflation, because of unpredictable oil and raw material prices, and the world's poorest people suffer because basic foods become unaffordable".

The Guardian - Business

Energy, basic material and transportation companies have growth rates comparable to those of technology stocks but carry much cheaper prices.

The New York Times

Commodity and basic material companies have announced good numbers, but have guided expectations downward because, as everyone in the market already knows, commodity prices are lower.

The New Yorker

The basic material has been used in different ways.

Encyclopedia Britannica

Frames of various designs hold the basic material taut.

Encyclopedia Britannica

That basic material is hugely illuminating in its own right.

The New York Times - Books

Purified silicon, the basic material of such cells, is expensive.

The Economist

Clorox Profit Falls On Rising Material Prices.

Forbes

Raw material prices have backed off.

Forbes

Expert writing Tips

Best practice

When discussing the impact of inflation, specify which "basic material prices" are most affected (e.g., "steel", "lumber", "crude oil") for clarity.

Common error

Avoid using "basic material prices" without context. Instead of saying "basic material prices are rising", specify which materials are affected (e.g., "steel and aluminum prices are rising") to provide more informative content.

Linguistic Context

The phrase "basic material prices" functions as a noun phrase, typically serving as the subject or object of a sentence. It refers to the cost associated with fundamental resources used in various industries. Ludwig confirms its correct usage.

Expression frequency: Common

Frequent in

News & Media

50%

Encyclopedias

25%

Wiki

25%

Less common in

Science

0%

Formal & Business

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "basic material prices" is a noun phrase used to describe the costs associated with fundamental resources. Ludwig confirms its grammatical correctness and common usage, primarily in news, encyclopedias and wiki contexts. When using this phrase, it's essential to provide specific context to avoid overgeneralization and ensure clarity. Alternative phrases such as "raw material costs" or "commodity prices" can be used for semantic variations. Understanding the factors influencing "basic material prices" is crucial for analyzing economic trends and industry impacts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

raw material costs

Focuses on the expenses associated with unprocessed resources, similar to "basic material prices".

commodity prices

Highlights the price of essential goods and raw materials traded in markets.

primary resource prices

Emphasizes the cost of fundamental resources used in production.

fundamental material costs

Indicates expenses related to essential materials, akin to "basic material prices".

core material prices

Stresses the pricing of essential or central materials.

input costs

Refers to the expenses of all resources used in production, including basic materials.

production costs

Encompasses all costs involved in manufacturing, including basic materials.

cost of goods sold

Focuses on the direct costs attributable to the production of goods.

material expenses

Highlights the financial burden related to materials.

resource pricing

Focuses on the methods of determining the cost of raw resources

FAQs

How do "basic material prices" affect the economy?

Rising "basic material prices" can lead to increased production costs, potentially causing inflation and affecting consumer prices across various sectors. Conversely, falling prices can stimulate economic activity by reducing costs for businesses.

What factors influence "basic material prices"?

Factors such as supply and demand, geopolitical events, currency fluctuations, and technological advancements can all influence "basic material prices". For example, increased demand from emerging markets can drive up prices, while new extraction technologies might lower them.

Which industries are most affected by changes in "basic material prices"?

Industries like construction, manufacturing, automotive, and energy are particularly sensitive to changes in "basic material prices". These sectors rely heavily on raw materials such as steel, aluminum, oil, and copper, making them vulnerable to price fluctuations.

What are some alternative ways to refer to "basic material prices"?

You can use alternatives like "raw material costs", "commodity prices", or "primary resource prices", depending on the context.