MLchartDataset catalogue

Laspeyres index

Term · Economic statistics · MLC-T-ECS-001041

Index that measures the change in some aspect of a group of items over time, using weights based on values in some base year.

Note: For example, a Laspeyres index uses fixed-weight reference period quantities to aggregate prices. It answers the question, “How much more or less does it cost now to purchase the same items as in the base period?”

Table 1. Record
IdentifierMLC-T-ECS-001041
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-001041",
  "term": "Laspeyres index",
  "field": "Economic statistics",
  "definition": "Index that measures the change in some aspect of a group of items over time, using weights based on values in some base year.\n\nNote: For example, a Laspeyres index uses fixed-weight reference period quantities to aggregate prices. It answers the question, “How much more or less does it cost now to purchase the same items as in the base period?”",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/laspeyres-index/"
}

Record 1,023 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.