purchasing power
noun /ˈpɜːtʃəsɪŋ paʊə(r)/
/ˈpɜːrtʃəsɪŋ paʊər/
[uncountable]- money that people have available to buy goods with
- The cost of houses has risen faster than purchasing power.
- the amount that a unit of money can buy
- the peso’s purchasing power