variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best … to that of the base period. It is shown that a wide range of index formulas can be interpreted in this way, including the …

In order to provide information concerning the significant contributions to price index theory made by Moritz Wilhelm … indices. These three indices are the key for the official inflation measurements that are made around the world today. … personal and professional life. He was the first to formulate the unit value index as well as the Laspeyres and Paasche price …

policy) rely on accurate measures of price change. Unfortunately, the price index formulae that most price statisticians … consumer price index. …

multilateral index number methods for computing month-to-month inflation. … prices and quantities that national statistical institutes can use to produce more accurate, timely, measures of inflation …

) method to be biased. In cases where it is not, this index number method is still inefficient and inference is invalid. In … NLCPD method to regional price information derived from Germany’s consumer price index micro data. Price levels of the 401 …

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

house price index. We quantify the extent to which disaggregated house prices indices have significantly more variability … than, and differing trends from, the aggregate index …

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best … to that of the base period. It is shown that a wide range of index formulas can be interpreted in this way, including the …