A Framework for Price Statistics

Author: Mr. Kimberly D. Zieschang

Volume/Issue: Volume 2000 Issue 024

Publication date: January 2000

ISBN: 9781451844139

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , WP , price statistics , consumer price index , producer price index , export price index , import price index , CPI , PPI , national accounts , metal product , production account , GDP deflator , product detail , production service , fishery product , transportable goods , consumption expenditure , fixed capital , model production , leather product , Consumption , Price indexes , Consumer price indexes , Producer price indexes

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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.