What does "purchasing power" mean?

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

What is a synonym for "purchasing power"?

Common synonyms include: base pay, buy, buying, buying power, buying up, catalog buying.

noun

noun ·Uncommon ·Advanced level

Noun

1
The amount of goods and services that can be bought with a unit of currency. uncountable
"The exchange rates do not always reflect true differences in the purchasing power of currencies."
2
The amount of goods and services that can be bought by consumers. uncountable
"High interest rates are affecting the purchasing power of homeowners."
3
The ability of a large collective or company to negotiate more favourable prices and terms than a smaller group or company. uncountable
"Large supermarkets usually have better purchasing power than small, local shops."

"The exchange rates do not always reflect true differences in the purchasing power of currencies."