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A producer price index (PPI) is a
price index A price index (''plural'': "price indices" or "price indexes") is a normalized average (typically a weighted average) of price A price is the (usually not negative) quantity of payment or compensation given by one party to another in re ...
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 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 The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor The United States Department of Labor (DOL) is a cabinet-level department of the U.S. federal government responsible for occupational safety and health, ...
, 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 A polity is an identifiable political Politics (from , ) is the set of activities that are associated with Decision-making, making decisions in Social group, groups, ...
. 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 The United States Congress is the legislature of the federal government of the United States. It is Bicameralism, bicameral, comprising a lower body, the ...
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

The
India India, officially the Republic of India (Hindi Hindi (Devanagari: , हिंदी, ISO 15919, ISO: ), or more precisely Modern Standard Hindi (Devanagari: , ISO 15919, ISO: ), is an Indo-Aryan language spoken chiefly in Hindi Belt, ...

India
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#REDIRECT consumer price index A consumer price index measures changes in the price level of a weighted average market basket of Goods, consumer goods and Services marketing, services purchased by households. A CPI is a statistical estimate con ...
*
Inflation In economics, inflation refers to a general progressive increase in prices 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 r ...

Inflation
*
Substitution Substitution may refer to: Arts and media *Chord substitution, in music, swapping one chord for a related one within a chord progression *Substitution (poetry), a variation in poetic scansion *Substitution (song), "Substitution" (song), a 2009 so ...


References

{{reflist


External links


IMF PPI manual

United States PPI Homepage



Historical PPI releases

French PPI composition and evolution
Price indices