Definition: Current Prices measures GDP/ inflation/asset prices using the actual prices we notice in the economy. Current prices make no adjustment for inflation. Constant prices adjust for the effects of inflation.

Current price is also known as market value. It is the price at which a share of stock or any other security last traded. In an open market, the current price functions as a baseline. It indicates the price a buyer would be willing to pay and a seller would be willing to accept for a subsequent transaction in that security.

Definition of Current Prices Current prices, often referred to as “nominal prices,” are the prices at which goods and services are sold without adjusting for inflation or deflation. These prices reflect the actual amount of money a consumer pays at any given point and do not account for changes in purchasing power over time.

considering the price of goods in general at the present time, or considering prices now compared to in the past: The aid package is worth about $250 million at current prices. (Definition of current price from the Cambridge Business English Dictionary © Cambridge University Press)

From Longman Business Dictionary ˌcurrent ˈprices [ plural] prices measured after INFLATION has been taken into account, used to compare real present values with earlier values Retail sales value in current prices in October was 6% higher than a year earlier. → compare inflation-adjusted price → price