The phrase "benchmark price" refers to a standard or reference price against which other prices or values can be compared. It gives a basis for making comparisons and evaluating the performance or value of something. Full definition
Earlier, the presidency had placed oil benchmark price at $ 40 per barrel, while oil price has fallen to $ 30 dollars. (nigeriapoliticsonline.com)
Major museum exhibitions and recent market momentum mean that this year might be the one in which critical consensus is reached and new benchmark pricing set. (artagencypartners.com)
However, Vancouver reported that the MLS home price index composite benchmark price for all residential properties in Greater Vancouver was $ 593,100, down 3.9 per cent compared with a year ago. (canadianbusiness.com)