Questions tagged [price-index]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
1
vote
1answer
24 views

Manipulating index numbers

I have a producer price index which is the composite of 9 various commodity prices including that of coal. I want to remove the effects of coal price changes from the original index. I have data on ...
0
votes
1answer
25 views

How can I adjust the base year of this price index?

I am given the following data for GDP deflator: 1997: 100.0 1998: 100.8 1999: 102.5 2000: 109.9 2001: 112.5 2002: 115.9 2003: 119.7 2004: 122.1 2005: 126.5 ...and so on. Currently, 1997 is ...
0
votes
0answers
19 views

Disaggregated price index

im trying to make my own consumer price index using the laspeyres index methology. However im having problems finding the individual prices. However i have the disaggregated cpi components. For ...
0
votes
1answer
19 views

What does the sun product of price times quantity divided by average price

I have a very simple question, what is the meaning, if any, of this? I.e. Economically what does the following calculation mean? $$ \left(\frac{(Q1\cdot P1)+(Q2\cdot P2)+(Q3\cdot P3)}{Q1 + Q2 + Q3}\...
0
votes
2answers
82 views

Why are Big Macs supposed to cost the same around the world?

The Big Mac index is frequently mentioned in media, but I could never understand how it makes any sense. According to Wiki: The Big Mac Index is published by The Economist as an informal way of ...
5
votes
2answers
563 views

What does a stock market index stand for?

I know that a stock market index (like S&P, NIKKEI, etc.) is computed from the prices of selected stocks, but I was wondering why the name of the currency is almost never expressed. For example, ...
1
vote
0answers
19 views

Can the CPIH be used to find the real terms rise in price of a component of the basket of goods?

I want to calculate the real terms rise in UK private rent prices since 2011 using the CPIH measure. The indexes of nominal rent prices and the CPIH rose by 14.7% and 13.5% respectively, so I can say ...
1
vote
1answer
22 views

Daily variable for inflation

I was wondering if there is a way to account for daily inflation data. I have daily short-term interest rates, and I would like to convert them to real short-term interest rates. Can I just average ...
0
votes
1answer
24 views

Interpretation of price indices

How can cpi 3.41 and Wpi 3.54 be interpreted? I know that cpi gives the inflation rate but what is it that we understand from these figures?
2
votes
1answer
29 views

Measuring quantities for price indices?

I'm confused about how one acquires the data necessary to compute price indices--specifically, how one acquires quantity data. Suppose I wanted to compute the Laspeyres Index, defined as $\sum\...
2
votes
1answer
88 views

Difference between chained CPI and normal CPI in simple terms

I am taking a community college level intro to macro course, and while self-studying the text, I came across the concept of C-CPI or chained CPI. While I feel I have a grasp as to what CPI is, I have ...
1
vote
0answers
16 views

Distributing inflation in a hierarchical model

I am trying to distribute inflation in a hierarchical model. In both of the following two scenarios, the Laspeyres' Index over the entire data set is 1.8; However, in the first scenario, the ...
0
votes
1answer
30 views

How to calculate price index for natural gas in India?

Ministry of commerce and industry of India doesn't provide WPI index for Natural Gas. Is there a way to calculate the same?
-1
votes
2answers
402 views

Log relative price index - calculation question

I have US CPI prices & Canada CPI prices (where US is my base). I am trying to calculate the 'log relative price index'. Do I log the individual CPI prices first then calculate log Canada CPI/log ...
0
votes
1answer
314 views

How to calculate constant GDP in international $ from nominal GDP in local currency units

I want to calculate a constant GDP serie from 1995 till 2014 based on nominal GDP expressed in Yuan (Chinese currency). I already get stuck on how to first make a constant GDP serie based on Yuan, ...