Producer Price Index

(redirected from PPI)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Producer Price Index (PPI)

Index measuring changes in wholesale prices, published by the US Bureau of Labor Statistics every month.

Producer Price Index

An index tracking the price of goods bought and sold in bulk before they reach the retail level. The producer price index usually tracks changes in these prices on a monthly basis. A large change in producer prices can lead to a change in retail prices, which affects consumers most directly. As a result, a few countries use the producer price index as a measure of inflation, but most do not. A dramatic increase in producer prices, however, may be seen as an early indicator of inflation. It is also called the wholesale price index.

producer price index

A comprehensive index of price changes at the wholesale level. Because wholesale price changes eventually find their way into consumer prices, the producer price index is closely watched as an early indicator of future retail price changes. Formerly called wholesale price index, price index. Compare consumer price index. See also GDP deflator.
References in periodicals archive ?
Telltale signs you were mis-sold include if you felt under pressure to buy PPI or were told you had to have it, or you were told you were more likely to be accepted for a loan or credit if you bought PPI.
This means millions of people who've had PPI, even if it was sold correctly in every other way, are due something back.
Now we know the banks haven't exactly covered themselves with glory over the years when it comes to PPI, but it's likely they'll be overwhelmed with people getting in touch.
You were aged under 18 or over 65 when the PPI was sold to you.
The PPI and the CPI categorize a number of goods and services differently within their index structures.
Being female also carried a high risk of stopping PPI treatment, (HR = 1.
RBS received 195,801 complaints, of which 156,000 related to PPI, compared with 68,414 complaints in the first half of last year, which even without PPI factored in still shows a 3 per cent rise.
The FOS said it will need to gear up on an "unprecedented" scale to tackle complaints, with PPI cases expected to make up half of its workload.
It will be interesting to see how the Financial Ombudsman Service report goes down in the city and indeed whether it does officially sound the death knell for PPI.
PPI could lift their monthly repayments from pounds 200 to pounds 250 if they accept a policy from the lender instead of buying cheaper cover through an independent broker.
It warned that it was considering banning the sale of PPI alongside mortgages, loans and credit cards, adding that it may also introduce a price cap as a temporary measure to reduce the cost of the policies.
The OFT decided to probe the pounds 4billion-a-year PPI market following a super-complaint from Citizens Advice which claimed consumers were being mis-sold expensive PPI policies that often didn't even provide adequate cover.