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.
