Service index price
The index covers transaction costs from business to business and excludes consumers who are covered in the Consumer Price Index (CPI). The individual price indices are aggregated together to create a “service industry” index that is limited in coverage. The indices are still under development and may be subject to methodological improvement. Price Index Formula (Table of Contents). Price Index Formula; Examples of Price Index Formula (With Excel Template) Price Index Formula Calculator; Price Index Formula. A Price index, also known as price-weighted indexed is an index in which the firms, which forms the part of the index, are weighted as per price according to a price per share associated with them.