Price index - Wikipedia
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these price relatives, taken as a whole, differ between time periods or geographical locations.How to use the Excel AGGREGATE function | Exceljet,The AGGREGATE function returns the result of an aggregate calculation like AVERAGE, COUNT, MAX, MIN, etc. A total of 19 operations are available, and the operation to perform is specified as a number, which appears as the first argument in the function. The second argument, options, controls how AGGREGATE handles errors and values in hidden rows.Find the Price Index Number using the Simple Aggregate,,Find the Price Index Number using the Simple Aggregate Method in the following example. Assume 2000 to be base year in the following problem. Concept: Construction of Index Numbers.