constant dollar [or any other currency] definition

constant dollar [or any other currency]

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].

constant dollar [or any other currency] is in the Accounting & Auditing and Economics, Politics, & Society subjects.

constant dollar [or any other currency] appears in the definition of the following term: current dollar [or any other currency]

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