Definition: Direct price comparison

Purchasing power parities

A price comparison between two or more countries that is made by comparing the prices for a representative sample of comparable products. PPPs (Purchasing power parities) are generally derived from direct price comparisons.
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
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