


French
Equivalent: Indice de prix de Laspeyres 
Definition: 
A price index defined as a fixed weight, or fixed basket, index which uses the basket of goods and services of the base period. The base period serves as both the weight reference period and the price reference period. It is identical with a weighted arithmetic average of the current to base period price relatives using the value shares of the base period as weights.
Also called a “base weighted index”.

Source
Publication: 
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC.

Statistical
Theme: Prices and purchasing power partities 
Created
on Tuesday, September 25, 2001 
Last
updated on Friday, July 08, 2005 












