Online: Producer Price Index

Source details

Target Audience:
- Compilers of producer price indexes (PPIs) and export and import price indexes (XMPIs), and 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 important complements to the consumer price index (CPI) in drawing a more complete picture of how inflation affects major parts of an economy, including businesses and institutions, in addition to households.
These indexes are used to:
- deflate production and expenditure values in the national accounts,
- adjust prices in long-term contracts,
- analyze short-term inflation trends,
- perform terms of trade analysis.
The Producer, Export, and Import Price Index course (PPIx) covers:
- fundamentals of how these statistics are compiled and used,
- types of transactions and prices included in these indexes,
- how prices are weighted together to create total index values.

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.