Definition: Offer prices

Category: Purchasing power parities

The prices that sellers display as the prices at which they are prepared to sell their products. The prices of products as quoted in the seller’s price list, catalogue, internet site, advertisements, etc. They are not necessarily transaction prices. Depending on the country and/or the product, they may or may not include delivery and installation costs, VAT (Value added tax) and other indirect taxes on products, discounts, surcharges and rebates, invoiced service charges and voluntary gratuities. http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view Eurostat and Organization for Economic Cooperation and Development (OECD), "Eurostat - OECD Methodological manual on purchasing power parities (2005 Edition)", Methods and Nomenclatures, Office for Official Publications of the European Communities, Luxembourg, 2006European Union, Regulation (EC) No 1445/2007 establishing rules for the provision of basic information on PPPs, Official Journal of the European Union No L 336, 20.12.2007, p. 1 - 24