price index

(redirected from Paasche price index)
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Related to Paasche price index: Laspeyres price index

price index

[′prīs ‚in‚deks]
(statistics)
A statistic used primarily in economics to indicate an average level of prices in a time series; combines several series of price data into one index.
References in periodicals archive ?
In general, if homotheticity is violated, the Paasche price index may actually exceed the Laspeyres price index (see Deaton and Muellbauer, 1980).