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VALUES AT CONSTANT INTERNATIONAL PRICES OF PERIOD T-1 (AT PPPS OF PERIOD T-1)

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Definition:
Values at constant international prices of period t-1 (at PPPs of period t-1) are series at current domestic prices converted to a common currency by way of PPPs of year t-1.

Context:
A value index of this kind corresponds to a weighted average of the value changes in domestic prices, as PPPs are held fixed at their previous year’s value. However, weights are continuously updated.

Source Publication:
Statistical Series for the Euro Area - Conclusions and Recommendations of the OECD ASTF Euro Subgroup, 15 May 2001.

Statistical Theme: Prices and purchasing power partities

Created on Tuesday, September 25, 2001

Last updated on Sunday, March 17, 2002