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World Price Index

A new means of International Economic Comparisons

World Economics - November 2012

The World Price Index (WPI) is an attempt at producing a timely usable index for frequent international economic comparisons. It is intended for companies that transact across countries and currencies, for governments and for international non-governmental institutions. Published monthly, the WPI is a regular index of international relative urban consumer prices, one value for each country, calculated initially for 10 countries to reflect the amount of local currency needed to buy the same representative basket of items in each country as could be bought for exactly $1 in the USA.

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