Producer Price Index: Definition & Formula


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question 1 of 3

What does PPI stand for?

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1. Which organization publishes the PPI?

2. What is the baseline year for the PPI for most industries?

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About This Quiz & Worksheet

This quiz/worksheet combo will test your knowledge of calculating producer price index. Make sure that you know about the source of the PPI and its baseline year.

Quiz & Worksheet Goals

In these assessments, you will check your knowledge on the following:

  • What organization publishes the PPI
  • The uses for PPI
  • An alternate term for PPI

Skills Practiced

  • Information recall - access the knowledge you've gained regarding what organization publishes PPI and the role it plays in providing valuable information about the economy
  • Knowledge application use your knowledge to answer questions about the uses for PPI and how it is used to gauge activities within the economy
  • Interpreting information - verify you can read information regarding what PPI stands for and how it can help economic experts in their work and interpret it correctly

Additional Learning

Expose yourself to more interesting facts about calculating producer price index by reviewing the lesson called Producer Price Index: Definition & Formula. The lesson will cover the following areas:

  • Elements of the producer price index
  • Predicting inflation with the PPI
  • Calculating the PPI
  • Definition of inflation