The Producer Price Index (PPI).
This index, dating from 1890, is the oldest” continuous statistical series published by the BLS. It measures the level of prices at’ the wholesale or producer stage. It is based on approximately 3400 prices. including prices of foods, manufactured products, and mining products. The fixed weights used to calculate the PPI are the net sales of each commodity. Because of its great detail, this index is used by businesses.
[av_button label='Get Any Economics Assignment Solved for US$ 55' link='manually,http://economicskey.com/buy-now' link_target='' color='red' custom_bg='#444444' custom_font='#ffffff' size='large' position='center' icon_select='yes' icon='ue859' font='entypo-fontello']