Editing Producer price index (section)

== Calculation ==
The PPI is determined by taking the average weighted price of goods and services produced in the U.S. for the current month and year, dividing it by the average weighted prices of goods and services produced in the U.S. during a base month and year, and then multiplying the outcome by 100.<ref>{{Cite web |title=Producer Price Index Frequently Asked Questions : U.S. Bureau of Labor Statistics |url=https://www.bls.gov/ppi/faqs/questions-and-answers.htm#6 |access-date=2023-07-24 |website=www.bls.gov |language=en-us}}</ref>

For example, if the average weighted price of goods and services in the U.S. during July 2023 is $120, and the average weighted price during the base month, January 2022, is $100, the PPI for July 2023 would be calculated as follows:

PPI = (Average Weighted Price in July 2023 / Average Weighted Price in January 2022) x 100 = ($120 / $100) x 100 = 120

Thus the PPI for July 2023 would be 120.