Sort an array of associative arrays by column value

Given this array: $inventory = array( array("type"=>"fruit", "price"=>3.50), array("type"=>"milk", "price"=>2.90), array("type"=>"pork", "price"=>5.43), ); I would like to sort `$inventory`'s elements by price to get: $inventory = array( array("type"=>"pork", "price"=>5.43), array("type"=>"fruit", "price"=>3.50), array("type"=>"milk", "price"=>2.90), ); How can I do this?