Improvement the methodology and quality of measurement of the Producer Price Index (PPI) in industry from the perspective of data users- some reflections

Abstract

The development of ICT technology and digital economy contribute to changes in the way of production and redistribution of goods and services in various areas of life, which affect the growing expectations of users in relation to producer price statistics in the context of Producer Price Index (PPI). It is important to provide data on producer prices that reflect current price trends in a timely and accurate manner. They should be harmonised, comparable and ensure consistency of statistical observations with other coherent data. An important value of statistical data is therefore the optimal use of their potential in the processes of monitoring producer prices and assessment of their impact on the development of inflationary pressure on the producer’s market as well as control of the business cycle. What does the level of credibility of the PPI determine? How users can contribute for obtaining relevant data with good quality? What role do the methodology and quality of the survey process play in this respect? The answer to these questions is the article “Improvement the methodology and quality of measurement of the Producer Price Index (PPI) in industry from the perspective of data users- some reflections”.