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- 1978: BLS renames the program as the Producer Price Index to more accurately reflect that prices are collected from producers, rather than wholesalers.
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Dec 13, 2021 · When did the Wholesale Price Index become the Producer Price Index? The Wholesale Price Index (WPI) was the name of the program from its inception in 1902 until 1978, when it was renamed the Producer Price Index.
- Why This Counts: What is the Producer Price Index and How ...
1978: BLS renames the program as the Producer Price Index to...
- Why This Counts: Understanding what the Producer Price Index ...
Originally called the Wholesale Price Index, the PPI...
- Why This Counts: What is the Producer Price Index and How ...
Mar 7, 2024 · The PPI is a combination of indexes from the Bureau of Labor Statistics (BLS) that measure the average change over time in the selling prices for goods or services produced domestically. In other words, PPI tracks inflation as manufacturers or suppliers experience it rather than from the consumer’s perspective.
Jun 9, 2022 · The producer price index, or PPI, is a monthly estimate of the weighted average prices U.S. “producers” (think suppliers, wholesalers, etc.) receive for the products and services they...
Jun 3, 2021 · The producer price index (PPI) is a government economic report prepared by the Bureau of Labor Statistics (BLS) that measures the change in prices sellers receive for thousands of items and...
The Producer Price Index (PPI) “measures average changes in selling prices received by domestic producers for their output”. 37 Before 1978 the BLS named this price series its Wholesale Price Index (WPI). The change in name to Producer Price Index emphasized that its conceptual foundations were based on prices received by producers from ...