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Glossary of the 1993 SNA - Definition of Term

Term	Laspeyres price index
Definition	A Laspeyres price index is a weighted arithmetic average of price relatives using the values of the earlier period as weights.
Paragraphs	16.16.

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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