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Definition:
The fluctuation or oscillation of prices up and down in a persistent pattern.

Context:
A situation in which the set of prices for the second period is simply a reordering of the set of prices for the first period, the price relatives this being obtained by matching each price in the first period with another price from the same set of prices.

ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Consumer Price Index Manual: Theory and Practice, International Labour Office, Geneva.

Source Publication:
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC.

Hyperlink:
http://www.imf.org/external/np/sta/tegppi/gloss.pdf

Statistical Theme: Prices and purchasing power partities

Created on Monday, February 17, 2003

Last updated on Thursday, March 28, 2013