Definition: Index of purchasing power of the euro
Statistical concept
The index of purchasing power of the euro (IPPE) may be described as a combined index of consumer prices and exchange rates. It was designed in particular for indexation of contracts expressed in ECUs. However, its uses have become more limited since the launch of the euro, and the IPPE can be calculated with little difficulty from its components. It is therefore intended to discontinue some, possibly all, of the IPPE series.
Source:
Eurostat, "The Index of purchasing power of the euro (IPPE) – Features and uses", Statistics in Focus, Economy and Finance, 23/2005, Luxembourg, 2005
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