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QUANTITY WEIGHTS

Statistics Directorate    
Definition:
Weights defined in terms of physical quantities such as the number or total weight of goods or the number of services. Quantity weights are only feasible at the detailed product level because meaningful aggregation of product weights requires of them to be commensurate.

Context:
A term sometimes used to describe the quantities in the basket. However, expenditures rather than quantities act as weights for price relatives.

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.

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

Cross References:
Weights

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

Statistical Theme: Prices and purchasing power partities

Created on Wednesday, February 19, 2003

Last updated on Friday, July 08, 2005