Usually means: Average of prices across economy.
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We found 16 dictionaries that define the word price level:

General (11 matching dictionaries)
  1. price level: Longman Dictionary of Contemporary English
  2. price level: Merriam-Webster
  3. price level: Vocabulary.com
  4. price-level: Wordnik
  5. price level: Wiktionary
  6. price level: Dictionary.com
  7. Price Level, Price level: Wikipedia, the Free Encyclopedia
  8. price level: Rhymezone
  9. price level: FreeDictionary.org
  10. price level: Mnemonic Dictionary
  11. price level: TheFreeDictionary.com

Business (4 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Price Level: Inflation Glossary
  3. Price Level: Investopedia
  4. Accounting, Business Studies and Economics Dictionary (No longer online)

Computing (1 matching dictionary)
  1. price level: Encyclopedia

(Note: See price_levels as well.)

Definitions from Wiktionary (price level)

noun:  (economics) An index of the average market price of selected goods weighted according to certain criteria.

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