Words / P / Business

purchasing power

noun

A2CEFR level
25/100Rarity: fairly common
TechnicalRegister

The quantity of goods and services that a unit of currency can buy at a given time.

Years of high inflation have steadily eroded the purchasing power of the average wage.

Similar: buying power

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics