PRODUCT PRICE INDEX (PPI)
\pɹˈɒdʌkt pɹˈa͡ɪs ˈɪndɛks pˌiːpˌiːˈa͡ɪ], \pɹˈɒdʌkt pɹˈaɪs ˈɪndɛks pˌiːpˌiːˈaɪ], \p_ɹ_ˈɒ_d_ʌ_k_t p_ɹ_ˈaɪ_s ˈɪ_n_d_ɛ_k_s__ p_ˌiː_p_ˌiː__ˈaɪ]\
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Price change indicators of bundles of raw materiels and unfinished goods as inputs over a certain period of time. PPI is regarded as a major indicator of the consumer price inder (CPI) as a rise in the input price will reflected in the consumer price. It is also called wholesale price index (WPI)
By Henry Campbell Black
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