Definition: Basket price index

Consumer Price Index

A price index that measures the proportionate change between periods 0 and t in the total value of a specified basket of goods and services.
Source:
International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Statistical Office of the European Communities (Eurostat), United Nations (UNECE), The World Bank, Consumer Price Index Manual: Theory and Practice, Geneva, August 2004
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