price index

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Related to Paasche price index: Laspeyres price index
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  • noun

Synonyms for price index

an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time

References in periodicals archive ?
Let the Laspeyres measure of the growth rate of aggregate primary inputs I be [g.sup.L](I) = ([I.sub.t][phi]/[[pi].sup.I] - [I.sub.0])/[I.sub.0], where [[pi].sup.1] is a Paasche price index for inputs.
Because the weights change each year, the implicit health-sector price deflator is a Paasche price index; in this regard, it is comparable to the implicit GDP deflator, which is also a Paasche price index, but not to the CPI which is a Laspeyres price index.
The upper bound in the case of monetary assets is a Paasche price index, given by
Table 2 presents two sets of price deflators, the first one calculated using a fixed-base Paasche price index and the second one calculated using a chained Fisher price index.
The corresponding aggregate price ratios are of course Paasche price indexes.
(3) Under the Bureau's procedure, a "Fisher Ideal" price index is first calculated between two consecutive years as the geometric mean of the annual-weighted Laspeyres and Paasche price indexes. The chain index for a given year is then determined by chaining (i.e., multiplying) the year-to-year Fisher Ideal indexes of all previous years.