Chapter 2 MEASURING THE COST OF LIVING

LECTURE VIDEO 学习视频3:

3. The Producer Price Index

1) Definition of producer price index (PPI): a measure of the cost of a basket of goods and services bought by firms.

2) Because firms eventually pass on higher costs to consumers in the form of higher prices on products, the producer price index is believed to be useful in predicting changes in the CPI.

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国家统计局：统计数据是如何产生的——PPI