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Question

From 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

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Solution

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

P01=ΣP1ΣP0×100or, P01=1158906×100 P01=127.81

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