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ELEMENTARY PRICE INDEX

Statistics Directorate    
Definition:
Specifically, an elementary price index is a price index for an elementary aggregate. As such, it is calculated from individual price observations without using weights. More generally, the term can be used to describe any price index that is calculated without weights.

Context:
Three examples of elementary index number formulae are the Carli, the Dutot and the Jevons.

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

Hyperlink:
http://www.imf.org/external/np/sta/tegppi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Monday, February 17, 2003

Last updated on Friday, December 02, 2005