What is purchasing power?
Purchasing power (or purchasing power) is the number of goods and services that can be purchased with a given sum of money, depending on the type of currency and market prices.

The greater the amount of goods and services that can be purchased with that sum of money, the greater the purchasing power. This power has to do with the value of the currency and not with the number of bills.

Individuals, companies and countries use their money to satisfy needs. The relationship between the price they pay and the amount of a given currency they own corresponds to their purchasing power. That amount of money is conditioned by the rate or exchange rate, for example, with respect to the dollar.

Purchasing power is often used to measure the level of wealth of a person or entity over a period of time . Purchasing power decreases as inflation and the cost of living increase, so it is directly related to the consumer price index (CPI) of the market.
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