producer price index
US /prəˈduːsər praɪs ˈɪndɛks/
UK /prəˈduːsər praɪs ˈɪndɛks/
1.
a measure of the average change over time in the selling prices received by domestic producers for their output
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The Producer Price Index rose by 0.5% last month, indicating inflationary pressures.
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Analysts closely monitor the Producer Price Index for signs of future consumer price changes.
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