Laspeyres index

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instanceOf gptkb:Consumer_Price_Index
gptkbp:category economics
statistics
gptkbp:contrastsWith gptkb:Paasche_index
gptkbp:firstPublished 1871
gptkbp:form weighted arithmetic mean of price relatives
gptkbp:limitation substitution bias
may overstate inflation
gptkbp:namedAfter gptkb:Étienne_Laspeyres
gptkbp:usedFor measuring inflation
measuring price changes over time
gptkbp:usedIn gptkb:Consumer_Price_Index
producer price index
gptkbp:weights base period quantities
gptkbp:bfsParent gptkb:Fisher's_ideal_index
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Laspeyres index