The price index that measures the prices of goods and services purchased by firms is called the:

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The producer price index (PPI) measures the average changes in prices received by domestic producers of goods and services over time. It reflects the prices of goods and services purchased by firms, whereas the consumer price index (CPI) measures the average changes in prices paid by consumers for goods and services they purchase. The purchasing power index and retail sales index are not commonly used price indices.

The Price Index That Measures the Prices of Goods and Services