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constant prices

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constant prices

A series of prices adjusted to reflect real purchasing power. If wages were to rise by 15% from $100 per week (to $115) and the rate of inflation was 10% (requiring $110 to maintain spending power), the real wage would have risen by 5%. Also an index used to create a constant price series, unlike current prices.



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At constant prices of 2005, GDP is estimated to reach 15.
ANKARA, Sep 10, 2009 (TUR) -- Turkish economy shrank by 7 pc in second quarter of 2009 in constant prices, showed figures by Turkey's statistic agency TUIK.
Gross domestic product (GDP) at constant prices in Saudi Arabia, the world's top oil exporter, would advance just 0.
 
 
 
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