Simple Price Index or Price Relative

The results of the problem are summarized in the table given below.

From the above table it is evident that the index for the base period is 100. The table also shows that the change in the value of the index from the base period to any given period is simply a measure of percentage change from the base period.

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15 Comments

guillan25 on September 16, 2012 at 5:37 am

ty so much.,.,

Swati on January 28, 2013 at 1:25 pm

its really simplify thanks for the great job

SIHLE on April 24, 2013 at 1:10 pm

how can I calculate avarage price ralative index.Please give a formula

sudhir pode on April 25, 2013 at 7:15 am

good material please provide download facility

Christy E on June 29, 2014 at 6:39 pm

Price Index really simplified. Thanks so much.

norah ug on April 9, 2015 at 1:53 pm

I love it.the examples simplify life.thanks

Aimy on October 21, 2015 at 11:49 am

Simply awesome

ahmad on February 27, 2016 at 6:29 am

Thaaaankss a lot

Abubakarr on February 17, 2017 at 2:59 pm

I am a student in sierra leone studing ststistic.l’m really intrested in your materials.thank you for this one

Sinqo Nyathi on June 1, 2017 at 10:42 pm

Awesome stuff ,very helpful

adooh beauty on September 17, 2017 at 1:12 pm

How can I calculate average price index

Asmamaw on September 29, 2017 at 11:06 am

Thank you for your clear& to the point note.

bernard kayijuka on June 11, 2018 at 7:38 am

it better to get these information

Noah on August 8, 2018 at 4:48 am

waawooo.. its a great exposure. Great job well done.

kombwa alex on November 21, 2018 at 2:41 pm

Am getting confused, my teacher told me that simple px index is different from price relative
simple price index=(summation of price relatives)÷number of commodities.

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15 Comments