# Questions tagged [price-index]

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14 questions
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, ...
85 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 ...
29 views

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\... 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 ... 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 ... 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 ... 1answer 18 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 ... 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}\... 2answers 80 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 ... 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? 1answer 29 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? 1answer 310 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, ...
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 ...
388 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 ...