Click here to add us to your favorites




current dollar [or any other currency]

Definition

Present purchasing-power of a currency. In inflationary periods historical costs are adjusted to reflect the effects of inflation (are 'inflated') by using an index (such as consumer price index or CPI) to convert them into current or replacement costs. See also constant dollar [or any other currency].

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z