Report from the Commission to the European Parliament and the Council on the implementation of Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on purchasing power parities and or their calculation and dissemination

Purchasing Power Parities (PPPs) are indicators of price level differences across countries. They indicate how many currency units a particular quantity of goods and services costs in different countries. PPPs can be used as currency conversion rates to convert expenditures expressed in national currencies into an artificial common currency (the Purchasing Power Standard, PPS), thus eliminating the effect of price level differences across countries.

This report reviews the provisions of Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on Purchasing Power Parities and for their calculation and dissemination (hereinafter referred to as ‘the Regulation’) as required in its Article 14.

The report summarises the state of implementation of the Regulation and various developments since its adoption. It proposes a revision of the regulatory framework for Purchasing Power Parities to reflect those developments, as well as to align it with the Lisbon treaty.

EUR-Lex: COM(2013)420: Follow the progress of this report through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:420:FIN

ESO: Background information: Website: Statistics: Purchasing power parities (PPPs) http://www.europeansources.info/record/website-statistics-purchasing-power-parities-ppps/

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