Final demand core index

Term · Economic statistics · MLC-T-ECS-000719

Special aggregate price index that excludes the relatively volatile categories of foods, energy, and trade services.

Note: Because prices for food and energy, and margins for trade services, tend to be erratic, some economists have come to focus attention on indexes that measure price changes for final demand to the exclusion of food, energy, and trade components as clearer measures of what is sometimes referred to as the underlying rate of inflation. This index is typically referred to as the Producer Price Index (PPI) for final demand less foods, energy, and trade services.

See also inflation.

Table 1. Record
Identifier	MLC-T-ECS-000719
Field	Economic statistics
References	BLS Glossary
See also	Inflation

Record as JSON

{
  "id": "MLC-T-ECS-000719",
  "term": "Final demand core index",
  "field": "Economic statistics",
  "definition": "Special aggregate price index that excludes the relatively volatile categories of foods, energy, and trade services.\n\nNote: Because prices for food and energy, and margins for trade services, tend to be erratic, some economists have come to focus attention on indexes that measure price changes for final demand to the exclusion of food, energy, and trade components as clearer measures of what is sometimes referred to as the underlying rate of inflation. This index is typically referred to as the Producer Price Index (PPI) for final demand less foods, energy, and trade services.\n\nSee also inflation.",
  "see_also": [
    "Inflation"
  ],
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/final-demand-core-index/"
}

Record 707 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.