Purchasing power
What a unit of money actually buys. Inflation is precisely the rate at which purchasing power erodes.
Related: Policy rate · Real interest rate · Mortgage rate · Annuity loan · CPI (Consumer Price Index)
What a unit of money actually buys. Inflation is precisely the rate at which purchasing power erodes.
Related: Policy rate · Real interest rate · Mortgage rate · Annuity loan · CPI (Consumer Price Index)