A Framework for Price Statistics
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Summary:
This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services components of the System of National Accounts 1993 (1993 SNA). The paper concludes by briefly considering purchasing power parities and labor compensation indices.
Series:
Working Paper No. 2000/024
Subject:
Consumer price indexes Consumption National accounts Price indexes Prices Producer price indexes
English
Publication Date:
January 1, 2000
ISBN/ISSN:
9781451844139/1018-5941
Stock No:
WPIEA0242000
Pages:
45
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