Definition: Spatial adjustment factors

Purchasing power parities

"Factors used to adjust average prices obtained from one or more pricing locations within the economic territory of a Member State (country) to national average prices." Article 3(j) PPP (Purchasing power parity) Regulation.
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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