Prices and purchasing power parities (PPP)

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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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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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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

OECD annual inflation slows to 1.5% in November 2014 reflecting fall in energy prices

Consumer prices, selected areas
November 2014, % change on the same month of the previous year

CPI300, ENG, 01/2015

08/01/2015 - Annual inflation in the OECD area slowed to 1.5% in the year to November 2014, compared with 1.7% in the year to October reflecting accelerated falls in energy prices. Energy prices declined by 2.1% in the year to November compared with a decline of 0.3% in the year to October. Food price inflation remained stable at 2.5% in the year to November. Excluding food and energy, the OECD annual inflation rate slowed to 1.7% in November, compared with 1.8% in the year to October, partly reflecting falls in energy-related costs of production.

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Behind the numbers

Statistics Brief

Statistics news releases

Statistics working papers

Statistical references

International Comparison Program (ICP)

PPPs at Eurostat

Manuals and guidelines

More on methodology

Producer price indices for services

Specific PPPs for health

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