Problem
Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method.
Commodities
|
Quantity 2007(Q0)
|
Unit
|
P0
|
P1
|
2007
|
2008
|
A
|
7
|
quintal
|
300
|
310
|
B
|
5
|
quintal
|
305
|
308
|
C
|
4
|
quintal
|
416
|
419
|
D
|
9
|
quintal
|
530
|
625
|
E
|
3
|
kg
|
18
|
23
|
F
|
5
|
quintal
|
1050
|
1070
|
- Formulas
- Calculation
- Solution to the problem/ Interpretation