Producer Price Index Manual: Theory and Practice
International Monetary Fund, Sep 3, 2004 - Business & Economics - 688 pages
The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation monitoring. The Producer Price Index Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the PPI, including information on classifications, sources, compilation techniques, and analytical uses of the PPI. The Manual supersedes the previous international guidance on PPIs (available in the Manual on Producers’ Price Indices for Industrial Goods, published by the United Nations Statistics Division in 1979). The Manual's conceptual framework derives from the System of National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the Intersecretariat Working Group on Price Statistics through a technical expert group chaired by the IMF and involving representatives from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic institutions.
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arithmetic mean base period basket bias calculated chained characteristics commodities compared compilers components cost current period defined by equation Diewert Dutot economic elementary aggregate elementary indices elementary price equal establishment estimate example Fisher indices Fisher price fixed-base harmonic mean hedonic regression imputed index number formula index number theory industry intermediate consumption intermediate input price justment Laspeyres and Paasche Laspeyres index linking coefficient Lowe index measure ment method month monthly nomic output price index Paasche indices percent price and quantity price changes price collection price reference period price relatives price vector problem Producer Price Index quadratic mean quality adjustment quality change quantity index quantity vectors ratio replacement revenue shares riod rolling-year sample seasonally adjusted Section selected statistical agencies statistical offices superlative Table theoretical tion Törnqvist transactions translog unit users value-added deflator Walsh weights