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The average retail price of a 500g jar of strawberry jam, 1kg sausages and 500g of processed cheese slices are shown below for June quarters
The average retail price of a 500g jar of strawberry jam, 1kg sausages and 500g of processed
cheese slices are shown below for June quarters in years 2000 and 2005.
Item | Unit Quantity sold in | 2000 Price ($) | 2005 Price ($) |
Strawberry | 500g | 2.01 | 2.39 |
Sausages | 1kg | 3.61 | 4.54 |
Cheese(sliced) | 500g | 3.32 | 3.19 |
Using 2000 as the base year, find the Smple Aggregate Price index.
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