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UKGoing rate
/ɡˌəʊɪŋ ɹˈeɪt/
/ɡˌoʊɪŋ ɹˈeɪt/Going rate
[NOUN]
What is the origin of the idiom "going rate" and when to use it?
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.
Examples
1. What's the going rate?
2. Here's about the going rate.
3. That is kind of the going rate in that area.
4. In the United States, the going rate for house cleaning is anywhere from $25 to $45 per hour.
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