Aggregate expenditure method, Basic Statistics

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Problem

Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method.

Commodities	Quantity 2007(Q₀)	Unit	P₀	P₁
Commodities	Quantity 2007(Q₀)	Unit	2007	2008
A	7	quintal	300	310
B	5	quintal	305	308
C	4	quintal	416	419
D	9	quintal	530	625
E	3	kg	18	23
F	5	quintal	1050	1070

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Calculation
Solution to the problem/ Interpretation

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