The monthly per captia expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are 75,10,6 and 4 respectively. Prepare a weighted index number for cost of living for 2005 with 1980 as the base.
Items |
Price in 1980 |
Price in 2005 |
food |
100
|
200
|
clothing |
20 |
25 |
fuel & highting |
15 |
20 |
house Rent |
30 |
40 |
Misc |
35 |
65 |