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Price Index Analysis 2016-2017

This document contains two tables. The first table shows transportation prices and price indices for buses, cars, and vans from 2016 to 2017. The second table shows equipment costs for camping items like tents, sleeping bags, and compasses from 2016 to 2017, and calculates a composite price index of 108.31 for equipment in 2017 compared to 2016. It also lists aspects used to calculate a composite price index for tourism costs, including transportation, equipment, food, and tourism costs with their respective price indices for 2017 and 2018.

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Narwant Dhillon
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62 views3 pages

Price Index Analysis 2016-2017

This document contains two tables. The first table shows transportation prices and price indices for buses, cars, and vans from 2016 to 2017. The second table shows equipment costs for camping items like tents, sleeping bags, and compasses from 2016 to 2017, and calculates a composite price index of 108.31 for equipment in 2017 compared to 2016. It also lists aspects used to calculate a composite price index for tourism costs, including transportation, equipment, food, and tourism costs with their respective price indices for 2017 and 2018.

Uploaded by

Narwant Dhillon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

(c)

Transportation Price in 2016 Price in 2017 Price Index


1150
Bus RM1000 RM1150 = 1000 X 100
I= 115.0
Car RM450 RM500 = 500
450
X 100
I= 111.1
950
Van RM800 RM950 = 800 X 100
I= 118.8

The type of transport is car.


(d)
Aspect Price Index Price Index Weightage
of 2017 of 2018
based on based on
2016 2017
Equipment 108.31 2
Cost
Transportation 111.1 3
Cost
Food Cost 120 4
Tourism Cost 1
(b)
Equipment Price in 2016 Price in 2017 Price Index
Tent RM56.70 RM60.00 = 60.00
56.70
X 100
I= 105.8
Sleeping Bag RM39.90 RM45.00 = 45.00
39.90
X 100
I= 112.8
Cooking RM35.30 RM38.00 = 38.00
35.30
X 100
Equipment I= 107.6
28.00
Camping RM25.00 RM28.00 = 25.00 X 100
Equipment I= 112.0
Headlamp RM27.50 RM30.00 = 30.00
27.50
X 100
I= 105.8
Gas Stove RM56.20 RM60.00 = 60.00
56.20
X 100
I= 106.8
Compass RM10.60 RM12.00 = 12.00
10.60
X 100
I= 113.2

Composite Index = 105.8(23)+112.8(16)+107.6(14)+112.0(10)+105.8(11)+106.8(22)+113.2(4)


23+16+14+10+11+22+4

Composite Index = 10830.8


100

Composite Index = 108.31

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