SELECTING THE WAY OF MEASURING THE PRICE EVOLUTION USING THE METHOD OF INDICES

Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 8

Abstract

The price indices have a long history and a large variety of uses, from the adjustment of the wages, pensions and payments included in a long-term contract, the deflation of aggregates in National Accounts, to the elaboration of economic policies. Having identified the purpose of the index, we`ll have to choose the target index and the calculation formula, this operation being carried out based on the observed prices and on the quantity and quality weights. In the statistical practice, the price index is often calculated by aggregating the elementary indices using the weighted arithmetic mean, using annual weights from a period that is previous to the reference period. In this situation, the question about the possible impact of the weights update (by prices) on the interpretation of price indices becomes legitimate, also the question about the influence of using this approach on measuring the price change. We can get a possible answer to this question using the Lowe and Young indices introduced by the Consumer Price Index international manual.

Authors and Affiliations

Mihai GHEORGHE

Keywords

Related Articles

Attitudes and Behaviors in Negotiation

Attitudes and behaviours are the ones which determine the approach styles of a negociation. The attitude the negotiator has towards the negociation activity confers him the tendency to adopt a specific style of facing th...

Managerial behavior and the key to succes

Workforce’s management would be much easier if everyone would be the same, but people separate from each other by their: capacities,degree of intelligence,personality,training and cultural provenience, the management is...

Aspecte semnificative privind evoluţia comerţului interior în România

This paper analyzes the evolution of internal commerce in Romaniaduring the last decade, both from the structural point of view and dynamics. Also, there are presented the main coordinates which numerous politics enforce...

The main aspects regarding the dynamics of the Industrial Production Indices

In this paper, the authors valuate the industrial production indices, measured for the Romanian economy. The rhythms of increase in the industrial field diminished and were different so that as against the increase recor...

The Analysis of the Budget Deficit in Romania

The Treat of Maastricht focuses on two fiscal criteria: budget deficit and public debt. In this paper, it is our intention to deal with the first fiscal criterion, budget deficit, in Romania between 2008-2011 and to anal...

Download PDF file
  • EP ID EP161408
  • DOI -
  • Views 181
  • Downloads 0

How To Cite

Mihai GHEORGHE (2012). SELECTING THE WAY OF MEASURING THE PRICE EVOLUTION USING THE METHOD OF INDICES. Revista Romana de Statistica, 60(8), 29-48. https://europub.co.uk/articles/-A-161408