What are Price Indexes?
Understanding Price Indexes Commodity price indexes are time series that measure the change in the average price at which a given commodity is traded. All price index series start from a predefined basis: a base period which is associated with a reference value. Price indexes do not express price levels, but show how prices of a commodity have varied over a period of time. colorPopularIntratec Commodity Price Trends - Subscription Plans Comparative
Intratec Commodity Price Trends - Subscription Plans ComparativeSome readersCommodity Price Trends Charts Help
About Intratec Commodity Price Trends Charts Views Intratec Commodity Price Trends present: Price Index Changes: Percentage changes in price indexes, on a monthly or yearly basis 1 . Price Index: Price indexes since 2007, in different world regions 1 . Price Estimator: Online tool for calculating Price Trends prices based on any known past price. 1 See here (https://help.intratec.us/en-us/article/what-is-the-difference-between-price-index-and-prSome readersWhat is included in Intratec Commodity Price Trends subscription?
Intratec Commodity Price Trends Subscription Features As a subscriber of this product, according to your subscription plan and coverage included you will be able to: Track monthly changes in prices of +390 commodities, grouped in 8 industries Learn latest price variations, in 6 world regions Check historical price indexes since Jan 2007 Access price indexes in online charts and data tables Download and work offline with data tables (Excel, PDF) and charts (JPEG, GIF) ChecFew readersWhat is the Commodity Price Estimator?
About the Commodity Price Estimator The Commodity Price Estimator is an online tool through which current commodity prices can be easily calculated, using past prices. By just entering a past price of a commodity, the date and the region where this price was observed, the user can get an estimate of the price of the commodity in another date Please note that the Commodity Price Estimator is available only to subscribers of the 'Pro' and 'Business' plans.Few readersCan I subscribe to access price indexes of just a few commodities?
Intratec Commodity Price Trends Custom Subscription Kindly note that the +390 commodities in this product are grouped according to the respective industry sector. When subscribing, you can choose the industry(ies) of your interest, each one covering a specific set of commodities. However, bear in mind that we offer no subscriptions for accessing price index of a specific commodity or commodities from our database; you must choose among the available subscription plans and industries.Few readersCan I add industries to my Commodity Price Trends subscription?
Instructions on how to add industries to your active Commodity Price Trends subscription.Few readersCan I see an example showing how to use price indexes?
An Example of How to Use Price Indexes Price indexes are quite straightforward tools. Suppose you know the price of steel, in January 2020, and need to update it to May 2020. To update the price, just multiply it by the ratio of steel Price Index at May 2020 over the steel Price Index at January 2020, as expressed in the equation below: Steel Price May 2020 = Steel Price Jan 2020 * ( Steel Price Index May 2020 / Steel Price Index Jan 2020 ) WhenFew readersWhat is the difference between "Price Index" and "Price"?
Understanding Price Indexes and Prices Price is the amount of money given or set as consideration for the sale of a particular good or service. There are many types of price depending on the terms of the transaction. On the other hand, Price Indexes measure variations in prices in a numerical series in relation to a base period. Put another way,Few readersUsing Price Indexes
Checking Price Variations with Intratec Commodity Price Trends There are basically two ways subscribers of Commodity Price Trends can correct a commodity price over time: using Price Indexes directly or checking Price Indexes Changes - both such options can be accessed in the control right above the chart in the commodity page, under the option "View". "Price Indexes Changes" View The "Price Indexes Changes" View shows price changes, in percentage terms, on a month-over-month or yearFew readersIntratec Commodity Price Trends User Guide
How can I use Intratec Commodity Price Trends? In addition, a detailed description of the methods used in data gathering and transformation, as well as in index calculatioFew readers