A Framework for Price Statistics

ByKimberly D. Zieschang

January 1, 2000

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services components of the System of National Accounts 1993 (1993 SNA). The paper concludes by briefly considering purchasing power parities and labor compensation indices.

Subject: Consumer price indexes, Consumption, National accounts, Price indexes, Prices, Producer price indexes

Keywords: consumer price index, Consumer price indexes, Consumption, consumption expenditure, CPI, export price index, fishery product, fixed capital, GDP deflator, import price index, leather product, metal product, model production, national accounts, PPI, Price indexes, price statistics, producer price index, Producer price indexes, product detail, production account, production service, transportable goods, WP

Pages:
45
Volume:
2000
DOI:
https://doi.org/10.5089/9781451844139.001
Issue:
024
Series:
Working Paper No. 2000/024
Stock No:
WPIEA0242000
ISBN:
9781451844139
ISSN:
1018-5941

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