Purchasing Power Index 2024 Upsc

Purchasing Power Index 2024 Upsc. The world bank defines the international poverty line at usd 2.15 (in 2017 purchasing power parity terms) daily to measure monetary value. Purchasing power parities (ppps) are the rates of currency conversion that try to equalise the purchasing power of different currencies, by eliminating the differences in price.

The opposite and rare fall in the price index of this basket of items is called ‘deflation’. Purchasing power parities (ppps) are the rates of currency conversion that try to equalise the purchasing power of different currencies, by eliminating the differences in price.