PPT-PRESS RELEASE GHANA PRODUCER PRICE INDEX AND INFLATION 

JANUARY 2023 22 ND FEBRUARY 2023 In this release we present Definition and Measurement of the Producer Price Index PPI Producer Price Index and Producer Inflation for January 2023. Outline. The Consumer Price Index (CPI). What is inflation?. The CPI and the Inflation Rate. Adjusting the money (nominal) wage for inflation using the CPI. The Costs of Inflation. Is the CPI accurate?. Economic Instability. Inflation. Inflation . is. an increase in the overall level of prices.. Inflation . is not. an increase in the price of a specific good or service relative to the prices of other goods and services.. Ever heard grandparents complain about today’s prices?. Examples?. Were things really . cheaper. in the “good old days”?. Let’s look at two goods and compare prices over time …. Movie Tickets and Big Macs. Inflation. Perfection. Deflation. 1. 2. But first a little behavioral economics.  . Mark Carney. Governor of The Bank of Canada. Inflation. refers to the general rise in prices from year to year.. Statistics Canada measures inflation using the CPI, which tracks price changes in consumer goods.. Price Level & Real Income. As long as wages rise with price levels, inflation doesn’t cause harm standard of living. Real . Wage = . Wage . rate .  100. Price index. Real . Income = . Income . I recommend that you view it as one page by clicking on the open book icon at the bottom of the page.. 9b – Inflation. TOPICS. Definition of . Inflation?. What is . a Price Index. ?. Calculate the Inflation Rate using an Index. Inflation – a general increase in the price level. Deflation – a general decrease in the price level. Hyperinflation – extraordinarily high inflation. (Germany 1923 – prices doubled roughly every 2 days). Describe the economic impact of inflation on business 1.06 Understand economic indicators to recognize economic trends and conditions INFLATION A persistent increase in the average price level in the economy. The price level is the weighted average of prices. A decrease in money’s purchasing power. When the supply of money is growing faster than the production of goods and services.. Inflation…what is it?. What is inflation?. Define inflation. How does it affect the economy?. a rise in the general price level. . It causes rising prices for goods and services. . It reduces purchasing power for individuals. . 1 Price Indices in Brazil Frequently Asked Questions Series 2 “Frequently Asked Questions” Series Central Bank of Brazil 1. Interest Rates and Bank Spreads 2. Price Indices in Brazil 3. Moneta Inflation. June . 19, 2018. James Stock, Harvard Economics. Mark Watson, Princeton . University. 2018 ECB Forum on Central Banking. Sintra, . Portugal. 1. Where is the cyclical pressure on inflation. 2022. CONSUMER PRICE INDEX AND INFLATION . 0. 12. th. . September. . 2022. In this release, we present:. 1. Definition and Measurement of Consumer Price Index (CPI) and Rate of Inflation . Background to the new series.