Home > Term: wholesale price index
wholesale price index
A composite index of prices of commodities sold in primary U.S. markets. "Wholesale" refers to sale in large quantities by producers, not to prices received by wholesalers, jobbers, or distributors. In agriculture, it is the average price received by farmers for their farm commodities at the first point of sale when the commodity leaves the farm.
- Part of Speech: noun
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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