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Index Numbers

Question

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Calculate the unweighted index of prices for the data given below :

Commodity

Price

Base Period

Current Period

Wheat

Rs. 10 per Kg.

Rs. 15 per Kg.

Rice

Rs. 15 per Kg.

Rs. 25 per Kg.

Salt

Rs. 2 per Kg.

Rs. 2.50 per Kg.

Ghee

Rs. 40 per Kg.

Rs. 60 per Kg.

Milk

Rs. 12 per litre

Rs. 15 per litre.

Cloth

Rs. 40 per litre

Rs. 60 per litre.

Solution

Commodity	Base Period	Current Period	Price relative
Wheat	Rs. 10 per Kg.	Rs. 15 per Kg.
Rice	Rs. 15 per Kg.	Rs. 25 per Kg.
Salt	Rs. 2 per Kg.	Rs. 2.50 per Kg.
Ghee	Rs. 40 per Kg.	Rs. 60 per Kg.
Milk	Rs. 12 per litre	Rs. 15 per litre.
Cloth	Rs. 40 per litre	Rs. 60 per litre.
N = 6

Unweighted Index of Price =

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