Producer Price Inflation measures the changes in the prices of locally produced commodities. The Producer Price Index (PPI) is defined as “A measure of the change in the prices of goods either as they leave their place of production or as they enter the production process.”
The Producer Price Index for Final manufactured goods includes:
◦ Food products, beverages and tobacco products
◦ Textiles, clothing and footwear
◦ Paper and printed products
◦ Coke, petroleum, chemical, rubber and plastic products
◦ Non-metallic mineral products
◦ Metals, machinery, equipment and computing equipment
◦ Electrical machinery and communication and metering equipment
◦ Transport equipment
◦ Furniture and other manufacturing