class on Friday March 18, 1 º bach
Friday, March 18, 2011
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Now this basket should reflect the preferences of an average consumer in this economy, so qu elements are taken into account may not be the same when calculating the CPI, CPI Mexico or Venezuela. Even the weights may vary by country foods may represent 20% of this basket while another 35%. Then
determines a base year in which the index will be worth 100 and then for next year if the same basket costs such as double and price index taking the value of 200, if it increases by 25% Peus take the value of 125. and so are calculated in relation to the base year if 10 years after the base year basket cost 50% more than the cost of the base year is set to 150, is not calculated in relation to last year ipc but in relation to given base year.
Finally the macro variable that affects more than the price index is printing money and inflation expectations by economic agents - Attached by: Irene Thomas Expósito, Noemi Valero Vargas Veliz Patricia Jaen.
determines a base year in which the index will be worth 100 and then for next year if the same basket costs such as double and price index taking the value of 200, if it increases by 25% Peus take the value of 125. and so are calculated in relation to the base year if 10 years after the base year basket cost 50% more than the cost of the base year is set to 150, is not calculated in relation to last year ipc but in relation to given base year.
Finally the macro variable that affects more than the price index is printing money and inflation expectations by economic agents
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