Price Index Calculator

Price Index is can be called as the normalized average which is typically a weighted average of price relatives for a given class of goods or services in a particular region during a specific interval of time. Here is the online Price index calculator which helps to calculate food cost of given price and quantity. Just enter the number of items and then enter the items name, base year and current year price and quantity to calculate food Cost.

Price Index

Price Index is can be called as the normalized average which is typically a weighted average of price relatives for a given class of goods or services in a particular region during a specific interval of time. Here is the online Price index calculator which helps to calculate food cost of given price and quantity. Just enter the number of items and then enter the items name, base year and current year price and quantity to calculate food Cost.

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Formula:

Price Index = ∑p1q0 / ∑p0q0 Where, p0 = Base Year Price of Goods p1 = Current Year Price of Goods q0 = Goods Quantity

The above Price index calculator is a simple online tool that is capable of calculating food cost for a large number of items according to your need.


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