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VALUE WEIGHTS

Statistics Directorate    
Definition:
The measures of the relative importance of products in the index. The weight reference-period values or shares of the various components of output (or input) covered by the index. Being commensurate and additive across different products, value weights can be used at aggregation levels above the detailed product level.

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

Cross References:
Quantity weights
Weights

Hyperlink:
http://www.imf.org/external/np/sta/tegppi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Wednesday, February 19, 2003

Last updated on Monday, July 11, 2005