The first 50 years of the Producer Price Index: setting inflation expectations for today | Zendy

Lana Conforti | Zendy

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The first 50 years of the Producer Price Index: setting inflation expectations for today

Author(s) -

Lana Conforti

Publication year - 2016

Publication title -

monthly labor review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.265

H-Index - 54

eISSN - 1937-4658

pISSN - 0098-1818

DOI - 10.21916/mlr.2016.25

Subject(s) - inflation (cosmology) , index (typography) , economics , producer price index , consumer price index (south africa) , price index , industrial production index , wholesale price index , price level , monetary economics , keynesian economics , classical economics , macroeconomics , monetary policy , mid price , production (economics) , physics , world wide web , theoretical physics , computer science

The Producer Price Index (PPI) is our nation’s primary measure of price changes in the domestic supply chain, allowing us to monitor how price increases or decreases are passed through from producers to consumers. This Principal Federal Economic Indicator marked its 125th anniversary in March 2016. Over its history, the PPI has set precedents for timely and accurate price index data. Its methodology and content evolved early on, as our economy was changing from one based on agriculture to one based on manufacturing. Today, the PPI continues to evolve as the service-providing sectors now contribute more to gross domestic product than the goods-producing sectors.

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