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Home > Statistical Methods calculators > Simple Average of Price Relative Method (using the geometric mean) calculator
Method and examples
Unweighted Index Number

Simple Average of Price Relative Method (using the geometric mean)
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Number of Items :  
ItemPrice0Price1
Methods:
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log(x)/ln(x) Option for Geometric mean =
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SolutionHelp
Simple Average of Price Relative Method (using the geometric mean) calculator
1. Find index number using Simple Aggregative Method, Simple Average of Price Relative Method
ItemBreadEggsGheeMilkCheeseButter
Price
p_0		253037536440265
Price
p_1		283538040500300

2. Find index number using Simple Aggregative Method, Simple Average of Price Relative Method
ItemCottonWheatRiceGrams
Price
p_0		909288767659
Price
p_1		874305910573
Example
1. Find index number using Simple Aggregative Method
ItemPrice
p_0		Price
p_1
Bread2528
Eggs3035
Ghee375380
Milk3640
Cheese440500
Butter265300


Solution:
ItemPrice
p_0		Price
p_1
Bread2528
Eggs3035
Ghee375380
Milk3640
Cheese440500
Butter265300
---------
Totalsum p_0=1171sum p_1=1283


1. Simple aggregative method :

I=(sum p_1)/(sum p_0)xx100

=(1283)/(1171)xx100

=109.56

Thus, there is a rise of (109.56-100)=9.56% in prices


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