How to Calculate Laspeyres Price Index?
Laspeyres Price Index calculator uses Laspeyres Price Index = ((sum(x,1,2,(Price in Final Period*Quantity in Base Period)))/(sum(x,1,2,(Price in Base Period*Quantity in Base Period))))*100 to calculate the Laspeyres Price Index, The Laspeyres Price Index formula is used to calculate a price index by fixing the quantities consumed at a base period. Laspeyres Price Index is denoted by LPI symbol.
How to calculate Laspeyres Price Index using this online calculator? To use this online calculator for Laspeyres Price Index, enter Price in Final Period (PiF), Quantity in Base Period (QiB) & Price in Base Period (PiB) and hit the calculate button. Here is how the Laspeyres Price Index calculation can be explained with given input values -> 400 = ((sum(x,1,2,(40*65)))/(sum(x,1,2,(10*65))))*100.