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Purchasing power parities (PPPs) are the rates of currency conversion that eliminate the differences in price levels between countries. Per capita volume indices based on PPP converted data reflect only differences in the volume of goods and services produced. Comparative price levels are defined as the ratios of PPPs to exchange rates. They provide measures of the differences in price levels between countries. The PPPs are given in
Monthly comparative price levels are defined as the ratios of PPPs for private final consumption expenditure to exchange rates. The table is to be read vertically. Each column shows the number of specified monetary units needed in each of the countries listed to buy the same representative basket of consumer goods and services. In each case the representative basket costs a hundred units in the country whose currency is specified.
Consumer prices in the OECD area rose by 1.6% in the year to March 2013, compared with 1.8% in the year to February 2013. This slowdown in the annual rate of inflation mainly reflects slower growth in food and especially in energy prices.
For most citizens, buying a residential property (dwelling) is the most important transaction during their lifetime. Residential properties represent the most significant component of households’ expenses and, at the same time, their most valuable assets. The Residential Property Prices Indices (RPPIs) are index numbers measuring the rate at which the prices of residential properties are changing over time. RPPIs are key statistics
Consumer prices in the OECD area rose by 1.8% in the year to February 2013, compared with 1.7% in the year to January 2013. This slight increase in the annual rate of inflation masks opposing movements in energy and food prices.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 1.8% in the year to January, down from 2.9% in the year to December.
OECD area annual inflation was 1.9% in the year to December 2012, unchanged from the annual rate in the year to November 2012. Annual inflation rates for all major components of the CPI were also broadly stable with energy price inflation at 2.9% and food price inflation at 2.1%.
Annual inflation in the OECD area rose by 1.9% in the year to November 2012, compared with 2.2% in the year to October 2012. This easing in the annual rate of inflation mainly reflected slower growth in energy prices, which increased by 2.9% in November, down from 5.4% in October.
The EUROSTAT-OECD Methodological manual on purchasing power parities has three aims: first, to explain to those engaged directly in the Programme; second, to enable these practitioners to brief their senior management and significant users - such as politicians, journalists, academics and the like - on the why and how of the Programme and, more importantly, to advise them on the use and interpretation of comparison results; and third,
Main Economic Indicators: Electronically available national practices for individual OECD member countries - Updated in real time.