going rate
Plural
going rates
1
the price that is presently usual for a product or service
The idiom "going rate" has its origins in economic and business contexts. It refers to the prevailing or current market price or standard rate for a particular product, service, or labor. It is used to describe the standard or average price or fee that is commonly accepted or charged for a specific item or service in a given market or industry.
- He purchased the used car at the going rate for vehicles of that make and model.
- The company offered to pay its interns the going rate for similar positions in the industry.
- The consultant charged the going rate for her services, which was in line with other professionals in the field.
- The going rate for a haircut at that salon is $40.