Definition: Hybrid values or expenditures

Consumer Price Index

Hypothetical values, or expenditures, in which the quantities are valued at a different set of prices from those at which they were actually bought or sold: for example, when the quantities purchased in an earlier period, such as b, are valued at the prices prevailing in a later period, such as 0.
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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