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CPI Calculation

This document provides prices and quantities for goods A, B, and C for the years 2000, 2010, and 2021. It then uses the Laspeyres formula to calculate the consumer price index (CPI) for each of those years. The CPI for 2000 is 100, for 2010 is 128.2353, and for 2021 is 123.5294.

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Annu Meer
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84 views5 pages

CPI Calculation

This document provides prices and quantities for goods A, B, and C for the years 2000, 2010, and 2021. It then uses the Laspeyres formula to calculate the consumer price index (CPI) for each of those years. The CPI for 2000 is 100, for 2010 is 128.2353, and for 2021 is 123.5294.

Uploaded by

Annu Meer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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2000 2010 2021

Good A 5 10 7
Prices Good B 10 12 13
good C 20 25 24

2000 2010 2021


Good A 100 125 150
Quantities Good B 200 225 250
good C 300 325 350

CPI for 2000 500 1250 1050 8500


2000 2700 3250 --------
6000 8125 8400 8500

CPI for 2010 1000


2400
7500 10900 X 100 128.4
8500

700
CPI for 2021 2600 10500
7200 8500
Prices
Item Year 2000 Year 2010 Year 2021
Good A $5 $10 $7
Good B $10 $12 $13
Good C $20 $25 $24

Quantities
Item Year 2000 Year 2021
Good A 100 125 150
X 100 100 Good B 200 225 250
Good C 300 325 350

Using the formula for the Laspeyres Price Index find CPI for year 2000, year 2010 an

X 100 123.5294
or year 2000, year 2010 and year 2021.
Using the formula for the Laspeyres Price Index find CPI for year 2000, year 2010 and y

Use of Laspeyres' Formula


The Pakistan Bureau of Statistics (PBS), applies Laspeyre’s for

∑PnQo I-------- X 100 ∑PoQo

2000 2010 2021


Good A 5 10 7
Prices Good B 10 12 13
good C 20 25 24

2000 2010 2021


Good A 100 125 150
Quantities Good B 200 225 250
good C 300 325 350

CPI FOR 2000 500 8500*100/8500 100


2000
6000
SUM 8500

CPI fot 2010


1000 10900*100/8500 128.2353
2400
7500
sum 10900

Cpi for 2020 700 10500*100/8500 123.5294


2600
7200
Sum 10500
for year 2000, year 2010 and year 2021.

(PBS), applies Laspeyre’s formula to calculate consumer price index (CPI).

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