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GEOMETRIC LASPEYRES PRICE INDEX

Statistics Directorate    
Definition:
A price index defined as the weighted geometric average of the current to base period price relatives using the value shares of the base period as weights.

Also known as the “logarithmic Laspeyres price index”.

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