Comparable Prices

Comparable Prices 

prices, as of a certain date, conventionally accepted as the basis for the comparison in monetary terms of volume of output, trade turnover, and other economic indicators for various periods.

Plans for the development of the national economy of the USSR and reports on their fulfillment include cost indexes computed in comparable prices. Constant prices are a variety of comparable prices. Wholesale prices as of Jan. 1, 1952, July 1, 1955, and July 1, 1967, have been used as comparable prices. Depending on the purpose of an economic research project, if data for previous years are converted into current prices, the latter may be used as comparable prices. In planning and accounting, wholesale prices and rates as of Jan. 1, 1975, have been used as comparable prices since 1976, and in agriculture, the average 1973 prices of agricultural output.