Topics
Series
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Food Price Index
en-NZ
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Consumers Price Index
en-NZ
Studies
Concept
Name
Laspeyres price index
en-NZ
Description
A fixed basket index in which the basket is composed of the actual quantities of goods and services in the earlier of the two periods compared, the price reference period. It can also be expressed as a weighted arithmetic average of the price relatives that uses the expenditure shares in the earlier period as weights. The earlier period serves as both the weight reference period and the price reference period.
en-NZ