Payments for this year’s permanent fund dividend started Thursday. More than 600,000 Alaskans will get the $1,000 PFD – and when adjusted for inflation, it’s the smallest amount in state history.

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...

Purchasing Power Parity is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. For ...