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| Definition: |
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The domain of price transactions that the PPI aims to measure. The conceptual boundaries of the PPI in terms of the products, transactions, geographical areas, and producers to which it refers.
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| Context: |
The set of products for which the index is intended to measure the price changes. The scope of a CPI will generally be defined in terms of a designated set of consumption goods and services purchased by a designated set of households. In practice, certain goods and services or households may have to be excluded because it is too difficult, time-consuming or costly to collect the relevant data on expenditures or prices: for example, illegal expenditures. The coverage of an index denotes the actual set of products included, as distinct from the intended scope of the index.
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Consumer Price Index Manual: Theory and Practice, International Labour Office, Geneva
http://www.ilo.org/public/english/bureau/stat/guides/cpi/index.htm.
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| Source
Publication: |
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ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC.
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| Statistical
Theme: Prices and purchasing power partities |
| Created
on Tuesday, August 13, 2002 |
| Last
updated on Tuesday, November 29, 2005 |
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