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Definition: Lowe index
Category: Consumer Price Index
A price index that measures the proportionate change between periods 0 and t in the total value of a specified basket of goods and services. The basket does not necessarily have to consist of the actual quantities in some period. This type of index is described in the manual as a Lowe index after the index number pioneer who first proposed this general type of index. http://www.ilo.org/public/english/bureau/stat/guides/cpi/index.htm
Source:
International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Statistical Office of the European Communities (Eurostat), United Nations (UNECE), The World Bank, Consumer Price Index Manual: Theory and Practice, Geneva, August 2004
International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Statistical Office of the European Communities (Eurostat), United Nations (UNECE), The World Bank, Consumer Price Index Manual: Theory and Practice, Geneva, August 2004
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