Producer Price Index
Definition
PPI. An inflationary indicator published by the U.S. Bureau of Labor Statistics to evaluate wholesale price levels in the economy. Previously called Wholesale Price Index.
Use this term in a sentence
“ I had to take a look at the producer price index because it was important to us and our day to day dealings. ”
“ The producer price index was a valuable metric to use to gain insight and understanding into the whole sale operations. ”
“ Based on the latest producer price index, the minimum wage is expected to increase by at least five percent, since things are more expensive now. ”
