💰purchasing power

Meaning

The amount of goods and services that can be purchased with a unit of currency.

The financial ability of a person or entity to buy goods and services.

Example Sentences

Due to inflation, people's purchasing power has decreased.

Inflation decreases the purchasing power of the currency.

Synonyms

buying capacity, financial strength, consumer power, buying power, spending ability

Entry 1

buying capacity, financial strength, consumer power

Entry 2

buying power, spending ability

Antonyms

weak purchasing power, economic decline, low affordability, impoverishment, deprivation

Entry 1

weak purchasing power, economic decline, low affordability

Entry 2

impoverishment, deprivation

More Example Sentences

Simply put, inflation means the purchasing power of your money decreases.