Categories: All - price - change - example

by Shu Braque 13 years ago

295

Price index

The document outlines the changes in price levels over a specified period, providing examples to illustrate the fluctuations. It mentions specific price levels on different dates, starting from a base price on January 1, 2008.

Price index

Price index

devide

price indexes
a time series of
easier
to

deal with

each price level
by

given constant

example

prices rose
on average
2.68%

January to February

(624.00 - 607.70)/607.70

3.42%

January to March

price index
103.42
102.68
100

April 1, 2008

628.50

March 1, 2008

624.00

Feb 1, 2008

607.70

Jan 1, 2008

base

interested in

not
particular value
percentage change
price level

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