What is the price index?

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A price index is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time.

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Asked 2/6/2012 4:14:28 AM

Updated 1/3/2018 5:38:24 PM

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This answer has been confirmed as correct and helpful.

Edited by yumdrea [1/3/2018 5:38:19 PM], Confirmed by yumdrea [1/3/2018 5:38:24 PM]

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