Meaning of the word "price tag" in English

What does "price tag" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

price tag

US /ˈpraɪs tæɡ/
UK /ˈpraɪs tæɡ/
"price tag" picture

Noun

1.

a label attached to an item for sale, indicating its price

Example:
The dress had a high price tag.
Always check the price tag before buying.
2.

the actual cost or value of something, especially when it is high or significant

Example:
The new policy comes with a hefty price tag.
The environmental damage has a huge price tag for future generations.
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