Unweighted Index Number index number using Simple Aggregative Method Example-1

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Home > Statistical Methods calculators > Unweighted Index Number example

2. Unweighted Index Number example ( Enter your problem )

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index number using Simple Aggregative Method Example-1
index number using Simple Average of Price Relative Method (using the arithmetic mean) Example-2
index number using Simple Average of Price Relative Method (using the geometric mean) Example-3
Example-4
Example-5

Other related methods

1. Fixed base method and Chain base method
(Previous method)

2. index number using Simple Average of Price Relative Method (using the arithmetic mean) Example-2
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1. index number using Simple Aggregative Method Example-1

1. Find index number using Simple Aggregative Method
Item Price
`p_0` Price
`p_1`
Bread 25 28
Eggs 30 35
Ghee 375 380
Milk 36 40
Cheese 440 500
Butter 265 300

Solution:

Item	Price `p_0`	Price `p_1`
Bread	25	28
Eggs	30	35
Ghee	375	380
Milk	36	40
Cheese	440	500
Butter	265	300
---	---	---
Total	`sum p_0=1171`	`sum 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

This material is intended as a summary. Use your textbook for detail explanation.
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