Definition: Invariance to proportional change in current or base quantities test

Consumer Price Index

A test under the axiomatic approach that requires that the price index remains unchanged when all the base period quantities, or all the current period quantities, are multiplied by a positive scalar.
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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