Price Index

A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices 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 prices, taken as a whole, differ between time periods or geographical locations.

Price indexes have several potential uses. For particularly broad indices, the index can be said to measure the economy's price level or a cost of living. More narrow price indices can help producers with business plans and pricing. Sometimes, they can be useful in helping to guide investment.

Some notable price indices include:

Read more about Price Index:  History of Early Price Indices, Formal Calculation, Index Number Theory, Quality Change

Other articles related to "price index, index, price":

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... SPCS20R is a composite index of the home price index for 20 major Metropolitan Statistical Areas in the United States ... The index is published monthly by Standard Poor's and uses the Karl Case and Robert Shiller method of a house price index using a modified version of the weighted-repeat sales methodology ... are combined to create the SPCS20R composite index Index Home Price Index Description MSA Designation PHXR Phoenix metropolitan area Phoenix–Mesa–Scottsdale, AZ LXXR Greater Los Angeles Los ...
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