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Definition: Edgeworth price index

Consumer Price Index

A basket price index in which the quantities in the basket are simple arithmetic averages of the quantities consumed in the two periods.
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