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The prices of three items among five fuel items increased by 50%, 90% and 110% in the year 2015 as compared to the base year 2014. The prices of other two items decreased by 5 % and 2 % respectively. If the ratio of importance of these five items is 5: 4:3 : 2 : 1, find the index number of fuel prices for the year 2015.

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Index number of fuel prices

\(=\frac{\sum IW}{\sum W}\)

\(=\cfrac{2428}{15}\)

= 161.87

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