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| Definition: |
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When the expenditures or value of production of an item is divided by the quantity, the result is known as a unit value.
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| Context: |
The unit value of a set of homogeneous products is the total value of the purchases / sales divided by the sum of the quantities. It is therefore a quantity-weighted average of the different prices at which the product is purchased / sold. Unit values may change over time as a result of a change in the mix of the products sold at different prices, even if the prices do not change.
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Consumer Price Index Manual: Theory and Practice, International Labour Office, Geneva
http://www.ilo.org/public/english/bureau/stat/guides/cpi/index.htm.
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| Source
Publication: |
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United Nations Department of Economic and Social Development - Statistical Division, Handbook of the International Comparison Programme, Studies in Methods, Series F, No. 62, New York, 1992, Glossary Development, Statistical Division, New York, 1992, Glossary.
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| Statistical
Theme: Prices and purchasing power partities |
| Glossary
Output Segments: |
SDMX
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| Created
on Thursday, February 06, 2003 |
| Last
updated on Friday, December 02, 2005 |
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