The following information about prices and quantities for 2010 and 2012 is given:
Commodity 2010 2010 2012 2012
Price Quantity Price Quantity
A 25 150 30 140
B 15 50 20 30
C 50 120 50 160
D 40 80 35 140
E 10 130 15 120
Calculate the following index numbers:
(i)Laspeyre’s price index for 2012
(ii)Paasche’s price index for 2012
(iii)Fisher’sprice index for 2012
(iv)Fisher’sprice index for 2010
(v)Fisher’squantity index for 2012
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ΣP0 = 906 ΣP1 = 1158From the data given below, construct the index number for the year 2016 on the base of 2011 by simple aggregative method:
Commodities Unit Price (In ₹)
2011 2016
Wheat quintal 200 250
Rice quintal 300 400
Pulses quintal 400 500
Milk litre 2 3
Clothing meter 4 5
ANSWER:
Commodity Price in 2011
(P0) Price in 2016
(P1)
Wheat
Rice
Pulses
Milk
Clothing 200
300
400
2
4 250
400
500
3
5
ΣP0 = 906 ΣP1 = 1158
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