Examples of Fixed Basket in a sentence
One of the core questions concerns the definitions of, on the one hand, a Cost-of- Living Index and, on the other hand, a Fixed Basket Index.
Both official and estimated real incomes in Siberia more than doubled between 2000 and 2008.[Insert Graph: Siberia Per Capita Money Income Deflated by the Regional Cost of a Fixed Basket 1998-2009][Insert Graph: Far East Per Capita Money Income Deflated by the Regional Cost of a Fixed Basket 1998-2009] In spite of the gains, the average real wage in large Siberian and Far Eastern cities remained less than half of the average wage in cities in European Russia.
Although matched-model price indexes have some limitations (such as the inability to capture fully quality change effects from newly entering or exiting products), currently, in almost all developed countries, measures of aggregate price inflation are constructed by government statistical agencies using matched- model procedures.2. Fixed Basket Indexes, Laspeyres, Paasche and Fisher The fixed basket approach to measuring price changes is used by the BLS and implicitly by the BEA.
FURTHER DETAILS OF BASKET PARTICIPATION Basket Participation (Interest): Not Applicable Basket Participation: Applicable• Fixed Basket Participation: Applicable • Rainbow Basket Participation: • Replacement Cliquet Basket Participation: • Momentum Basket Participation:Not Applicable Not Applicable Not Applicable • Accumulating Rainbow Basket Participation: 9.
Approach 1: The Fixed Basket Approach This first alternative approach to measuring aggregate consumer price change between periods 0 and 1 dates back several hundred years33.