price index wikipedia - EAS
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See all on Wikipediahttps://en.wikipedia.org/wiki/Price_indexA price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these price relatives, taken
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See moreNo clear consensus has emerged on who created the first price index. The earliest reported research in this area came from Welshman Rice Vaughan, who examined price level change in his 1675 book A Discourse of Coin and Coinage.
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See morePrice indices often capture changes in price and quantities for goods and services, but they often fail to account for variation in the quality of goods and services. This could be
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See more• Chance, W.A. "A Note on the Origins of Index Numbers", The Review of Economics and Statistics, Vol. 48, No. 1. (Feb., 1966), pp. 108–10.
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See moreGiven a set of goods and services, the total market value of transactions in in some period would be
where
represents the prevailing price of in period represents the quantity of sold in period
If, across two periods...
See moreWikipedia text under CC-BY-SA license- https://en.wikipedia.org/wiki/Consumer_price_index
A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time.
Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 10 mins
- https://en.wikipedia.org/wiki/List_of_price_index_formulas
A price index aggregates various combinations of base period prices (), later period prices (), base period quantities (), and later period quantities (). Price index numbers are usually defined …
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- https://en.wikipedia.org/wiki/Consumer_price_index_by_country
Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the …
- Estimated Reading Time: 10 mins
- https://en.wikipedia.org/wiki/Producer_price_index
Producer Price Index (United States) A producer price index ( PPI) is a price index that measures the average changes in prices received by domestic producers for their output. [clarification …
- Estimated Reading Time: 2 mins
- https://en.wikipedia.org/wiki/Personal_consumption_expenditures_price_index
The PCE price index, also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures by the Bureau of Economic Analysis and as …
- https://en.wikipedia.org/wiki/House_price_index
United States FHFA/OFHEO. The US Federal Housing Finance Agency (formerly Office of Federal Housing Enterprise Oversight a.k.a. OFHEO) publishes the HPI index, a quarterly broad …
- https://en.wikipedia.org/wiki/FAO_Food_Price_Index
Years 2014–2016 is 100. The FAO Food Price Index (FFPI) is a food price index by the Food and Agriculture Organization (FAO) of the United Nations. It records the development of world …
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