The producer price index measures the cost of a basket of goods and services bought by firms rather than consumers.

Name: The producer price index measures the cost of a basket of goods and services bought by firms rather than consumers.
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The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output, focusing on the goods and services bought by firms, not by consumers.

The Producer Price Index Measures the Cost of a Basket