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World English Dictionary
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producer price index
pro·duc·er price in·dex
noun
Definition:
statistic suggesting level of inflation:
an index maintained by the U.S. Bureau of Labor Statistics that tracks the price of wholesale goods and commodities. It is sometimes taken to be an index of inflation.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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