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PAASCHE PRICE INDEX

Statistics Directorate    
French Equivalent: Indice de prix de Paasche

Definition:
A price index defined as a fixed weight, or fixed basket, index which uses the basket of goods and services of the current period. The current period serves as the weight reference period and the base period as the price reference period. It is identical with a weighted harmonic average of the current to base period price relatives using the value shares of the current period as weights.

Also called a “current weighted index”.

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

Cross References:
Laspeyres price index
Paasche volume index
Time reversal test

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

Statistical Theme: Prices and purchasing power partities

Created on Tuesday, September 25, 2001

Last updated on Friday, July 8, 2005