The Laspeyres Price Index: a Fixed Basket with SUMPRODUCT
This lesson is part of the course
In this lesson
You price the café's 2021 basket at 2021 and at 2026 prices and turn the two totals into a Laspeyres price index.
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Lessons in this course
- Simple Index Numbers & Rebasing (Base = 100) Locked
- Price Relatives & Unweighted Indices: Carli, Dutot, Jevons Locked
- The Laspeyres Price Index: a Fixed Basket with SUMPRODUCT Locked
- Paasche & the Fisher Ideal Index: Substitution Bias Locked
- Quantity & Value Indices: Price × Quantity = Value Locked
- Chain-Linking an Annual Index Locked
- Deflating: Nominal to Real with a Price Index (Real Revenue & Real Wages) Locked
- Weights & Contributions: Which Item Drove Inflation? Locked