A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Price Indices
(Difference between revisions)
|
|
| (3 intermediate revisions not shown.) |
| Line 1: |
Line 1: |
| - | Measures of the level of prices and their rate of change. For example, the price of a basket of goods purchased by the average consumer is used to calculate consumer price indices. The rate of change in the indices show the rate of change in prices.
| + | Price indices measure price levels and their rate of change. For example, the weighted average price of a basket of goods purchased by the average consumer is used to calculate consumer price indices ([[CPI]]) and retail price indices ([[RPI]]). The rate of change in the index shows the [[Inflation|inflation]] rate or the rate of change in prices. |
| | | | |
| - | See also: [[Economic Indicators]] | + | See also: [[Economic Indicator]] |
Current revision
Price indices measure price levels and their rate of change. For example, the weighted average price of a basket of goods purchased by the average consumer is used to calculate consumer price indices (CPI) and retail price indices (RPI). The rate of change in the index shows the inflation rate or the rate of change in prices.
See also: Economic Indicator