- Wholesale Price Index - WPI
- An index that measures and tracks the changes in price of goods in the stages before the retail level. Wholesale price indexes (WPIs) report monthly to show the average price changes of goods sold in bulk, and they are a group of the indicators that follow growth in the economy.
Although some countries still use the WPIs as a measure of inflation, many countries, including the United States, use the producer price index (PPI) instead.
The wholesale price indexes used in Indonesia were originally set up in 1996; the base year was reset in April of 2006 with a WPI value of 2000. Index values in Indonesia are commonly expressed as 2000=100.
As an example, the Indonesian Agriculture WPI in February of 2008 was 5140, but was expressed in the recent tables released by Statistics Indonesia as 257 (calculated as 5140/[2000/100]=257).
Investment dictionary. Academic. 2012.
Look at other dictionaries:
wholesale price index — measure of changes in the prices charged by manufacturers and wholesalers. Wholesale price indexes measure the changes in commodity prices at a selected stage or stages before goods reach the retail level; the prices may be those charged by… … Universalium
wholesale price index — noun an index of changes in wholesale prices • Syn: ↑producer price index • Hypernyms: ↑price index, ↑price level * * * noun : an index measuring the change in the aggregate wholesale price of a large number of commodities in the primary market… … Useful english dictionary
wholesale price index — A statistical measure compiled monthly which compares the price changes of a large group of commodities (weighted by their erfative importance) to prices in a base year. See also consumer price index producer price index … Black's law dictionary
wholesale price index — See producer price index … Big dictionary of business and management
wholesale price index — UK / US noun [singular] economics a list of the wholesale prices of some basic goods, used as a way of measuring economic activity … English dictionary
wholesale price index — /ˌhəυlseɪl praɪs ˌɪndeks/ noun an index showing the rises and falls of prices of manufactured goods as they leave the factory … Marketing dictionary in english
wholesale price index — /ˌhəυlseɪl praɪs ˌɪndeks/ noun an index showing the rises and falls of prices of manufactured goods as they leave the factory … Dictionary of banking and finance
price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting … Universalium
price index — noun an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time • Syn: ↑price level • Hypernyms: ↑index, ↑index number, ↑indicant, ↑indicator • Hyponyms: ↑ … Useful english dictionary
producer price index — noun an index of changes in wholesale prices • Syn: ↑wholesale price index • Hypernyms: ↑price index, ↑price level * * * producer price index, = wholesale price index. (Cf. ↑wholesale price index) … Useful english dictionary
producer price index — PPI A measure of the rate of inflation among goods purchased and manufactured by UK industry (replacing the former wholesale price index). It measures the movements in prices of about 10 000 goods relative to the same base year. Compare Retail… … Big dictionary of business and management