# Find the Laspeyre’s, Paasche’s and Fisher’s index numbers for the year 2015 with the base year 2014 using the following information:

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Find the Laspeyre’s, Paasche’s and Fisher’s index numbers for the year 2015 with the base year 2014 using the following information:

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Base year is 2014.

∴ p0 = Price in 2014,

q0 = Quantity in 2014,

p1 = Price in 2015,

q1 = Quantity in 2015.

To compute Laspeyre’s, Paasche’s and Fisher’s index numbers for the year 2015, the table of calculation is prepared as follows:

Laspeyre’s index number:

Paasche’s index number:

Fisher’s index number:

$I_P=\sqrt{I_L\times I_p}$

$=\sqrt{126.72\times 126.85}$

$=\sqrt{16074.432}$

= 126.78