verðlagsvísitum
Verðlagsvísitum, also known as price indices, are statistical measures used to track changes in the prices of a specific set of goods and services over time. They are essential tools for economists, policymakers, and businesses to understand inflation, deflation, and purchasing power. There are several types of price indices, each serving different purposes.
The Consumer Price Index (CPI) is one of the most widely used price indices. It measures changes
The Producer Price Index (PPI) measures changes in the prices that producers receive for their goods and
The Gross Domestic Product (GDP) deflator is another type of price index that measures changes in the
Price indices can be calculated using different methods, including the Laspeyres method, the Paasche method, and
Price indices are important for several reasons. They provide a way to compare prices across different time