Meaning of the word "producer price index" in English
What does "producer price index" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
producer price index
US /prəˈduːsər praɪs ˈɪndɛks/
UK /prəˈduːsər praɪs ˈɪndɛks/
Noun
1.
a measure of the average change over time in the selling prices received by domestic producers for their output
Example:
•
The Producer Price Index rose by 0.5% last month, indicating inflationary pressures.
•
Analysts closely monitor the Producer Price Index for signs of future consumer price changes.
Synonym:
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