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English definition of “purchasing power”

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purchasing power

noun [U] uk   us  
A person's purchasing power is their ability to buy goods: The purchasing power of people living on investment income has fallen as interest rates have gone down. the value of money considered as the amount of goods it will buy: The purchasing power of the average hourly wage has risen in the last five years.
Translations of “purchasing power”
in Chinese (Traditional) 購買力, 貨幣的購買力…
in Chinese (Simplified) 购买力, 货币的购买力…
(Definition of purchasing power from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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