PURCHASING POWER Definition & Meaning

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purchasing power

noun

Also called buying power. the ability to purchase goods and services.
the value of money in terms of what it can buy at a specified time compared to what it could buy at some period established as a base:
the purchasing power of the dollar.

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51�Թ� History and Origins

Origin of purchasing power¹

First recorded in 1815–25

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Example Sentences

Examples have not been reviewed.

Industry experts say people's purchasing power has been improving in many fast-emerging economies, making SUVs the likelier choice of car.

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At the current rate, the dollar will lose 29 cents of its purchasing power within a decade.

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The report's findings bolster the long-held view that India's post-pandemic recovery has been K-shaped - where the rich have gotten richer, while the poor have lost purchasing power.

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The latest consumption slump, however, has deepened amid not just a destruction in purchasing power, but also a precipitous drop in financial savings and surging indebtedness among the masses.

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Canada ditched its one-cent coin in 2012 citing the cost of minting it and its falling purchasing power due to higher prices.

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