Inflation is a rise in the general level of prices of goods and services that households acquire for the purpose of consumption in an economy over a period of time.
Read morePPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives that show the ratio of the prices in national currencies of the same good or service in different countries.
Read moreThis second edition of the SPPI Guide is a complement to the International Producer Price Index Manual published by the IMF in 2004 in two ways: it focuses on service-specific aspects in the PPI compilation by developing further the conceptual framework and it adds detailed descriptions of PPI measurement for a wide range of individual service industries.
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8 Apr 2024 – Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was stable in February 2024 at 5.7%, having hovered around 6.0% since May 2023. Headline inflation fell in three-quarters of OECD countries, with the largest monthly declines recorded in Poland and Sweden and the largest rise in Türkiye. Headline inflation was below 2.0% in seven OECD countries and remained negative in Costa Rica. |
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