Price
Value, Cost
noun
When you value status you really care about the price of things. And usually the higher the value, the higher the cost.
価格 refers to something's market value, or to product pricing in a broader sense. It's sort of a formal word, so you might see it on fliers or in business and economic discussions about pricing strategies, for example.
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
この商品の価格はいくらですか？
What’s the price of this item?
この価格はちょっと高すぎやしないかい。
The cost is a little too high, isn't it?
剣道のお面の原材料の価格が急激に値上がりしている。
The price of raw materials for kendo masks has risen dramatically.