Definition: Fixed weight indices

Consumer Price Index

An abbreviated description for a series of weighted arithmetic averages of price relatives that all use the same weights. The weights are usually either actual or hybrid expenditure shares.

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

Created:
2008-05-21

Updated:
2019-05-10