premium price

USAGE SUMMARY

The phrase "premium price" is correct and usable in written English.
You can use this phrase when referring to a higher-than-normal price of something due to its quality, exclusivity, or other features. For example, "This limited-edition item is being sold at a premium price."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

At a premium price.

The New York Times

INSIDE TRACK: Premium crossover, premium price.

The New York Times

JULIE WEED COMMENT You are still charging a premium price.

The New York Times

Home delivery will be available "at a premium price".

The New York Times

Nearly all of them command a premium price.

The New York Times

Surely they would pay a premium price for an inoculation?

The Guardian - Business

Seahorses, which are used as traditional Chinese medicine, have large market demands and premium price.

Biochemical Systematics and Ecology

National companies offering large variety at a premium price actually would benefit from reducing their offerings.

Stanford University

One solution is to make compact cars cool enough to command a premium price.

The New York Times

Mr. Hanau says he has found an avid audience, even at the premium price.

The New York Times - Food

A simple, small balance sheet meant Jefferies could sell itself for a premium price.

The New York Times

Expert writing Tips

Best practice

When using "premium price", ensure the product or service genuinely offers additional value or unique features that justify the higher cost. Highlight these distinguishing factors in your writing to reinforce the price point.

Common error

Avoid using "premium price" for products or services that do not genuinely offer superior quality or unique features. Overusing the term can dilute its meaning and create skepticism among readers.

Linguistic Context

The phrase "premium price" functions as a noun phrase, specifically acting as a descriptor for a product or service's cost. Ludwig shows its common usage in various contexts to indicate a higher-than-average price point.

Expression frequency: Very common

Frequent in

News & Media

48%

Science

28%

Formal & Business

24%

Less common in

Wiki

5%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "premium price" is a common and grammatically correct way to describe a higher-than-average cost, often associated with superior quality or exclusive features. According to Ludwig, it is frequently used in news, science, and business contexts. When writing, ensure that the use of "premium price" is justified by the actual value offered. Common errors involve overstating the 'premium' aspect when the product or service doesn't truly warrant the higher cost. Alternatives like "high price" or "luxury price" may be suitable depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

premium cost

Synonymous with "premium price", simply using 'cost' instead of 'price'.

high price

Focuses on the elevated cost aspect without necessarily implying superior quality.

top-tier price

Indicates the price is at the highest level, often associated with top quality.

elevated price

Highlights the price being higher than average, more formal than "high price".

expensive cost

Highlights the expensiveness of the cost, placing emphasis on the financial burden.

upscale price

Indicates the price is high due to the upscale nature of the product or service.

luxury price

Specifically suggests the price is high due to luxurious qualities or exclusivity.

elite price

Suggests the price is high because the item or service is exclusive to an elite group.

exclusive price

Focuses on the exclusivity aspect, implying the price is high due to limited availability.

inflated price

Implies the price is higher than its actual value, often negatively connoted.

FAQs

How can I use "premium price" in a sentence?

You can use "premium price" to describe the cost of high-quality goods or services. For example, "The new smartphone is selling at a premium price due to its advanced features".

What are some alternatives to "premium price"?

Alternatives include "high price", "expensive cost", or "luxury price", depending on the specific context.

When is it appropriate to use the term "premium price"?

It's appropriate when referring to goods or services that are more expensive than average due to superior quality, exclusive features, or limited availability. It should accurately reflect the product's or service's added value.

What's the difference between "premium price" and "high price"?

"Premium price" typically implies that the higher cost is justified by superior quality or added value, whereas "high price" simply indicates an elevated cost without necessarily implying exceptional quality.