Producer, Export, and Import Price Index Statistics

The producer price index (PPI) and the export and import price index (XMPI) are important complements to the consumer price index (CPI) in drawing a more complete picture of how inflation affects major parts of an economy, including businesses and institutions, in addition to households. These indexes are used to deflate production and expenditure values in the national accounts, adjust prices in long-term contracts, analyze short-term inflation trends, and perform terms of trade analysis. In the Producer, Export, and Import Price Index course, or PPIx, you will learn the fundamentals of how these statistics are compiled and used. In this course, we take a close look at the types of transactions and prices included in these indexes, and how they are weighted together to create the total index values reported in the news.

• Explain the main uses of producer, export, and import price indexes.
• Apply specific principles to develop and update price index weights.
• Apply methods to select samples of statistical units
• Calculate price indexes based on collected prices and weights.
• Identify suitable data sources to support the compilation of reliable export and import price indexes.