Home > Term: stage-of-processing indexes
stage-of-processing indexes
Stage-of-processing (SOP) price indexes regroup commodities at the subproduct class (6-digit) level according to the class of buyer and the amount of physical processing or assembling the products have undergone. The PPI publishes aggregate price indexes organized by commodity-based processing stage. The three stages of processing include Finished Goods; Intermediate Materials, Supplies, and Components; and Crude Materials for Further Processing.
- Part of Speech: noun
- Industry/Domain: Labor
- Category: Labor statistics
- Company: U.S. DOL
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Creator
- Levi Taylor
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