Everything about Producer Price Index totally explained
A
Producer Price Index (
PPI) measures average changes in prices received by domestic producers for their output.
Related measures
A number of countries that now report a Producer Price Index previously reported a
Wholesale Price Index.
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, as well as one of the oldest economic time series compiled by the
Federal Government. The origins of the index can be found in an 1891
U.S. Senate 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.”
at:http://www.bls.gov/ppi/ppicpippi.htm)
India
The
Indian
Wholesale Price Index (WPI) was first published in
1902, and was used by policy makers until it was replaced by the
Producer Price Index (PPI) in
1978.
Further Information
Get more info on 'Producer Price Index'.
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