Contract adjustment. PPI data are commonly used in adjusting purchase and sales contracts. These contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an adjustment clause that accounts for changes in input prices. For example, a long-term contract for bread may be adjusted for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread. (See Price Adjustment Guide for Contracting Parties.)
Indicator of overall price movement at the producer level. PPIs capture price movement prior to the retail level. Therefore, they may foreshadow subsequent price changes for business and consumers. The President, Congress, and the Federal Reserve employ these data in formulating fiscal and monetary policies.
Deflator of other economic series. PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI.
Measure of price movement for particular industries and products.
Comparison of input and output costs.
Comparison of industry-based price data to other industry-oriented economic time series.
Forecasting.
LIFO (i.e., last-in, first-out) inventory valuation.
<span>
<span>The
strategic crossroads northeast of Richmond is the “Cold Harbor”.
The Battle of the Cold Harbor was on the final battles fought in 1864
during the American Civil War. The Peninsular Campaign led to a combat in
between the Union led by Lt. Gen. Ulysses S. Grant and the army of
Confederate Gen. Robert E. Lee.
When Grant was not able to break the lines drawn by Lee in Spotsylvania
both the armies headed towards the Anna River that was only 25 miles from
Richmond.
After this battle, Grant continued to pursue his goal of attacking the
capital of the Confederate, which led to another battle just 8 miles from the
northeast of Richmond, which was in the vicinity of the strategic crossroads
northeast of Richmond, called Cold Harbor.
The name Cold Harbor was derived from the name of a tavern and the place
was situated in between the rivers Chickahominy and Pamunkey.
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</span>
A society by which most food in gained by foraging
