Producer Price Index Manual: Theory and Practice ... - METAC

Producer Price Index Manual
366
Table 14.16. A Framework for Price Statistics
1993 SNA Source Account Price Index 2 Derivation from Other Price Indices
1993 SNA Aggregate 1993 SNA Transaction Valuation and Needed Detail
Codes 1
Supply
Producer Price Index)
Production account with industry
and product detail, total
economy (S.1)
P.11 + P.12 Basic prices, product by
industry
Market-valued output
Derived from volume indicator
Implicit Deflator Index
for other nonmarket output
Production account with industry
and product detail, total economy
(S.1)
Other nonmarket output
P.13 Basic prices (cost of protry
3 duction), product by indus-
P.13
P.1
YPI = f ( PPI , IDI ; w m ) ,
Output Price Index
w
m
=
Basic prices, by product Production account with industry
and product detail, total economy
(S.1)
Total output P.1 = P.11 + P.12 +
P.13
Import Price Index,
comprising an import purchasers’
price index
,multiplied by an
fob/purchasers’ price
markdown index
External transactions in goods
and services account with product
detail, total economy (S.1)
Imports P.7 Basic prices (goods fob
frontier of exporting country,
plus separately identified
freight and insurance
on imports provided by
nonresidents, as well as
other services provided by
nonresidents), by product
Supply Price Index
SPI = f ( MPI , YPI ; w Y ) ,
P.1 + P.7 Basic prices, by product Supply and Use Table, total
economy (S.1)
Total supply, basic
prices
P.1
P.1 + P.7
w
y
=
t t t t
Supply Markup Index
(SMI)
Supply and Use Table, total
economy (S.1)
P.1 + P.7 + D.21 −D.31
t t
P.1 + P.7
P.1 + P.7 + D.21 −D.31
s s
P.1 + P.7
Basic prices, for services
provided for transportation
and distribution within national
frontiers, by product
Domestic trade, insurance,
and transport
margin adjustment
s s s s
=
SMI
Supply and Use Table, total
economy (S.1)
Basic prices (for services
provided from exporter frontier
to domestic frontier, regardless
of residency of provider),
by product
Freight and insurance
on imports adjustment
(in the aggregate). Product level total output
markup indices also would include trade and
transport margins in the numerator of the above
expression.
D.21 − D.31 Payable, by product Allocation of primary income
account, general government sector
(S.13)
Taxes less subsidies
on products
Purchasers’ prices SPI × SMI
P.11 + P.12 + P.7 +
D.21 – D.31
Total supply, purchasers’
prices
1 P.11 = Market output, P.12 = Output for own final use, D.21 = Taxes on products, and D.31 = Subsidies on products.
2 The four major price indices are shown in bold.
3 This category comprises public services output provided free of charge or at economically insignificant prices by general government and NPISHs. This output is valued at cost because
it has no market comparator. A price index cannot be directly constructed for this aggregate because there are no economically significant prices for other nonmarket output. The implicit
deflator for 0ther nonmarket output (P.13) is derived by dividing a directly-compiled volume indicator into the value of other nonmarket output.