Questions tagged [price-index]
The price-index tag has no usage guidance.
16
questions
1
vote
0answers
17 views
Difficulty Understanding CPI (Consumer Price Index)
Here's a question about CPI in my microeconomics text (Pindyck), which I don't seem to understand:
The price of computers has fallen substantially over the past two decades. Use this drop in price ...
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
52 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
86 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
569 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
20 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
24 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
27 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
90 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
34 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
436 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
324 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, ...
