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].

This content can be found on the following page:

http://www.businessdictionary.com/definition/constant-dollar-or-any-other-currency.html