In the Vinony graph
Within Vinony's link graph, price index is referenced by 154 other articles, and connects out to Étienne Laspeyres, Bureau of Labor Statistics and Spain.
Vinony files it under Macroeconomics, Price index theory and Price indices.
Its subject is documented across 28 Wikipedia language editions.
Wikidata facts
- Subclass of
- economic indicator
- Has part
- stock market index
Show 2 more facts
- topic's main category
- Category:Price indices
- Commons category
- Price indices
via Wikidata · CC0
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Encyclopedic overview
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a specific region over a defined time period. It is a statistic designed to measure how these price relatives, as a whole, differ between time periods or geographical locations, often expressed relative to a base period set at 100.
Price indices serve multiple purposes. Broad indices, like the Consumer price index, reflect the economy’s general price level or cost of living, while narrower ones, such as the Producer price index, assist producers with pricing and business planning. They can also guide investment decisions by tracking price trends.
Excerpted from Wikipedia’s “price index” article, available under the CC BY-SA 4.0 licence.