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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

OECD inflation declines to 10.3% in November 2022 as energy prices slow in most countries

10 Jan 2023 – Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) fell to 10.3% in November 2022, back to the level recorded in August, from 10.7% in October. Declines in inflation between October and November were recorded in 25 of 38 OECD countries. Nevertheless, inflation increased by at least 0.5 percentage point in Chile, the Czech Republic, Finland, Hungary, the Slovak Republic and Sweden. The highest year-on-year inflation rates were recorded in Estonia, Hungary, Latvia, Lithuania and Türkiye (all above 20%). 


  

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