Producer, Export, and Import Price Index

Source details

Target Audience:
- Compilers of producer price indexes (PPIs)
- Compilers of export and import price indexes (XMPIs)
- Users of these data interested in understanding key concepts and compilation issues
Qualifications:
- Knowledge of economics and statistics or equivalent experience is helpful
- Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential

The producer price index (PPI) and the export and import price index (XMPI) are complements to the consumer price index (CPI) that help draw a more complete picture of how inflation affects businesses, institutions, and households.
Uses of PPI and XMPI noted in the course:
- Deflating production and expenditure values in the national accounts
- Adjusting prices in long-term contracts
- Analyzing short-term inflation trends
- Performing terms of trade analysis
The course focuses on:
- Fundamentals of how PPIs and XMPIs are compiled and used
- Types of transactions and prices included in these indexes
- How prices are weighted together to create total index values reported in the news

Explain the main uses of producer, export, and import price indexes
Apply specific principles to develop and update price index weights
Apply methods to select samples of statistical units
Calculate price indexes based on collected prices and weights
Identify suitable data sources to support the compilation of reliable export and import price indexes