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| Definition: |
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A price index defined as the ratio of the unweighted arithmetic average of the prices in the current period to the unweighted arithmetic average of the prices in the base period. It is an elementary index.
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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 Monday, February 17, 2003 |
| Last
updated on Friday, July 08, 2005 |
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