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A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output.
Its importance is being undermined by the steady decline in manufactured goods as a share of spending.
In the US, the PPI was known as the Wholesale Price Index, or WPI, up to 1978. The PPI is one of the oldest continuous systems of statistical data published by the
IMF PPI manual
United States PPI Homepage
Historical PPI releases
French PPI composition and evolution
{{Webarchive, url=https://web.archive.org/web/20160625094906/http://www.frenchkpi.com/french-ppi-composition-and-evolution/ , date=2016-06-25 Price indices
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output.
Its importance is being undermined by the steady decline in manufactured goods as a share of spending.
Related measures
A number of countries that now report a producer price index previously reported awholesale price index
The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries (like the Philippines) use WPI changes as a central measure of inflation. But now India has adopted new CPI to measure inflation. However, ...
.
PPIs around the world
United States
In the US, the PPI was known as the Wholesale Price Index, or WPI, up to 1978. The PPI is one of the oldest continuous systems of statistical data published by the Bureau of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of t ...
, as well as one of the oldest economic time series compiled by the Federal Government
A federation (also known as a federal state) is a political entity characterized by a union of partially self-governing provinces, states, or other regions under a central federal government (federalism). In a federation, the self-governin ...
. The origins of the index can be found in an 1891 U.S. Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States.
The composition and powe ...
resolution authorizing the Senate Committee on Finance to investigate the effects of the tariff laws "upon the imports and exports, the growth, development, production, and prices of agricultural and manufactured articles at home and abroad".
India
TheIndia
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
n Wholesale Price Index (WPI) was first published in 1902, and it now uses CPI. PPI is not yet formulated in India.
See also
*Consumer price index
A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time.
Overview
A CPI is a statistica ...
* Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reductio ...
* Substitution
* 2000s commodities boom
* 2020s commodities boom
References
External links
IMF PPI manual
United States PPI Homepage
Historical PPI releases
French PPI composition and evolution
{{Webarchive, url=https://web.archive.org/web/20160625094906/http://www.frenchkpi.com/french-ppi-composition-and-evolution/ , date=2016-06-25 Price indices