What is the purchasing power of the consumer dollar?

Upgrade now. US Consumer Price Index: Purchasing Power Of the Consumer Dollar is at a current level of 31.90, down from 32.00 last month and down from 33.00 one year ago. This is a change of -0.31% from last month and -3.33% from one year ago. Average of US cities.

What is the purchasing power of a currency?

The purchasing power of a currency is the amount of goods and services that can be bought with one unit of the currency. For example, one U.S. dollar could buy 10 bottles of beer in 1933. Today, it’s the cost of a small McDonald’s coffee.

What is purchasing power?

The purchasing power of a dollar in 2022 was about 92.6 percent of the purchasing power of a dollar in 2021. This can be calculated by dividing the CPI-U U.S. city average all items annual average index value for 2021 by the CPI-U U.S. city average all items annual average index value for 2022, as shown in table 1.