Paasche Price Index Number Calculator
Use below calculator to calculate Paasche Price Index Number based on input value of Based Year Prices,Base Year Quantities,Current year Prices and Current Year Quantities.
Paasche Price Index Number Calculator | |
---|---|
Base Year Prices $P_0$ (Separated by comma,) | |
Base Year Quantities $Q_0$ (Separated by comma,) | |
Current Year Prices $P_n$ (Separated by comma,) | |
Current Year Quantities $Q_n$ (Separated by comma,) | |
Paasche Price Index Results | |
$\sum P_nQ_n$: | |
$\sum P_0Q_n$: | |
Paasche Price Index Number :($I_{P}$) | |
How to use Paasche's Price Index Number Calculator?
Step 1 - Base Year Prices $P_0$ (Separated by comma,)
Step 2 - Base Year Quantities $Q_0$ (Separated by comma,)
Step 3 - Current Year Prices $P_n$ (Separated by comma,)
Step 4 - Current Year Quantities $Q_n$ (Separated by comma,)
Step 5 - Click on Calculate button to calculate Paasche price index number
Step 6 - Calculate $\sum P_nQ_n$
Step 7 - Calculate $\sum P_0Q_n$
Step 8 - Calculate Paasche Price Index Number :($I_{P}$)
Paasche Price Index Number Formula
$I_{P} =\dfrac{\sum P_nQ_n}{\sum P_0Q_n}\times 100$
where,
- $I_L$ is the Laspeyre's Price index number,
- $P_n$ is the price of commodity in current year,
- $P_0$ is the price of commodity in base year,
- $Q_n$ is the quantity of commodity in current year,
- $Q_0$ is the quantity of commodity in base year.
Conclusion
I hope you find above Paasche Price Index Number Calculator helpful to understand change in price and quantity of a commodity in current year relative to price and quantitiy of commodity in base year.