a dollar valued according to its purchasing power in an arbitrarily set year and then adjusted for price changes in other years so that real purchasing power can be compared by giving prices as they would presumably be in the base year.
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Culture definitions for constant dollars
A convention of statistics that measures industrial output and the like over time while controlling for changes owing to inflation. Using constant dollars usually gives a clearer view of how an enterprise is performing over time.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.