Definition: Agricultural price indices (API)

Agriculture statistics

Purpose of the Agricultural Price Indices (API): to provide information on trends in producer prices of agricultural products and purchase prices of the means of agricultural production. It uses the concept of Market price (or producer price in the context of agricultural accounts) which is defined as the price received by the producer without the deduction of taxes or levies (except deductible VAT) and without the inclusion of subsidies.
Source:
Eurostat, "Agricultural price trends for EU-25 in March 2005", Statistics in Focus, Agriculture and Fisheries, 30/2005, Luxembourg, 2005
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