Constant dollar [or any other currency]

Constant dollar [or any other currency],

Definition of Constant dollar [or any other currency]:

  1. Purchasing power of a currency expressed in relation to its purchasing power in a specified year or period. In inflationary times wages are adjusted for the effects of inflation (are deflated) by using an index (such as a consumer price index or CPI) to find their worth in constant currency (in real terms). See also current dollar [or any other currency].

Meaning of Constant dollar [or any other currency] & Constant dollar [or any other currency] Definition