Usually means: Equalizes price levels between countries.
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We found 5 dictionaries that define the word Relative purchasing power parity:

General (1 matching dictionary)
  1. Relative purchasing power parity: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Relative purchasing power parity (RPPP): bizterms.net
  3. Relative Purchasing Power Parity, Relative purchasing power parity: Financial dictionary

Definitions from Wikipedia (Relative purchasing power parity)

noun:  Relative Purchasing Power Parity is an economic theory which predicts a relationship between the inflation rates of two countries over a specified period and the movement in the exchange rate between their two currencies over the same period.

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