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TÖRNQVIST PRICE INDEX

Statistics Directorate    
French Equivalent: Indice de prix de Tornqvist

Definition:
A Törnqvist price index is a weighted geometric average of the price relatives using arithmetic averages of the value shares in the two periods as weights.

Context:
It is a symmetric index and a superlative index. Also known as the “Törnqvist-Theil price index.”

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

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

Source Publication:
SNA 16.27.

Cross References:
Törnqvist volume index

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, July 11, 2005