Prices and purchasing power parities (PPP)

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  • Inflation or Consumer price Index (CPI)?

    Inflation is a rise in the general level of prices of goods and services that households acquire for the purpose of consumption in an economy over a period of time.

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  • What are PPPs?

    PPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives that show the ratio of the prices in national currencies of the same good or service in different countries.

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  • Methodological Guide for Developing Producer Price Indices for Services (SPPI)

    This second edition of the SPPI Guide is a complement to the International Producer Price Index Manual published by the IMF in 2004 in two ways: it focuses on service-specific aspects in the PPI compilation by developing further the conceptual framework and it adds detailed descriptions of PPI measurement for a wide range of individual service industries.

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What's new

Blowing bubbles? Developments in house prices

 Evolution of real house prices and GDP growth in the OECD area
Annual percentages, 1970-2015

01/12/2016 - Few economic indicators make the newspapers’ front pages. One that often does though is house prices. This is because, as witnessed during the financial crisis, movements in house prices can have a direct impact on households’ wealth and economic growth. At the same time, fluctuations in economic activity can also drive trends in house prices. House price indicators are therefore among the indicators that are closely monitored by policymakers.

 

Behind the numbers

Statistical references

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