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FIXED BASKET TEST

Statistics Directorate    
Definition:
A test that may be used under the axiomatic approach which requires that if all the quantities remain unchanged (that is, the sets of quantities in both periods are identical) the price index should equal the proportionate change in the value of the aggregate.

Also known as the “constant quantities test”.

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 Tuesday, February 18, 2003

Last updated on Friday, July 08, 2005