PRODUCER PRICE INDEX (PPI)
\pɹədjˈuːsə pɹˈa͡ɪs ˈɪndɛks pˌiːpˌiːˈa͡ɪ], \pɹədjˈuːsə pɹˈaɪs ˈɪndɛks pˌiːpˌiːˈaɪ], \p_ɹ_ə_d_j_ˈuː_s_ə p_ɹ_ˈaɪ_s ˈɪ_n_d_ɛ_k_s__ p_ˌiː_p_ˌiː__ˈaɪ]\
Definitions of PRODUCER PRICE INDEX (PPI)
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The relative measure of the average change in the price of a basket of goods that are sold by the producers in the wholesale market. It consists of three different indices and is a primary indicator for inflation or deflation. In contrast to the CPI, which measures price changes from the perspective of the buyer, the PPI measures such changes from the perspective of the seller.
By Henry Campbell Black