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The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...
The OECD is the successor organization to the Organisation for European Economic Co-operation (OEEC),[ 15 ] established in April 1948 among the European recipients of Marshall Plan aid for the reconstruction of Europe after World War II. [ 16 ][ 17 ][ 18 ] Only Western European states were members of the OEEC, whose primary function was the ...
India. Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s. WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market.
The World Economy: Historical Statistics is a landmark book by Angus Maddison. Published in 2004 by the OECD Development Centre, it studies the growth of populations and economies across the centuries: not just the world economy as it is now, but how it was in the past. Among other things, it showed that Europe's gross domestic product (GDP ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. [1] This is the definition of "core inflation" most used for political purposes. The core inflation model was subsequently developed and advocated by Otto Eckstein, in a paper published in 1981. [2]
Market price support. Market price support (MPS) is an indicator, developed by the OECD, [1] used in the calculation of Producer and Consumer Subsidy Equivalents (PSE/CSE). The PSE and CSE acronyms were changed in 1999 to Producer and Consumer Support Estimate. MPS is the annual monetary value of gross transfers from consumers and taxpayers to ...
August Producer Price Index Report: Key Highlights. Headline PPI for final demand slowed to 1.7% year-over-year in August, down from a downwardly revised 2.1% in July. This was slightly below ...