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Question

Construct Consumer Price Index Number with the help of the following data:
Consumer Items Price Weight
Food
Fuel
Cloth
House Rent
Miscellaneous
125
120
66.67
120
150
40
10
25
15
10

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Solution

Items Price
(P)
Weights
(W)
PW
Food
Fuel
Cloth
House rent
Miscellaneous
125
120
66.67
120
150
40
10
25
15
10
5000
1200
16 66.75
1800
1500
ΣW =100 ΣW =11166.75

Consumer price index
=PWW=111 66.75100=111.67

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