Price Increment Analysis of Some Small Indigenous Freshwater Fish Species (SIFFS) In Coastal Belts of Odisha Using Laspeyres Price Index

Nirmal Chandra Biswal | Binod Bihari Sahu | Prafulla Kumar Mohanty ^[4]

Abstract: There has been dramatic increment of prices of different Small Indigenous Freshwater Fish Species (SIFFS) in different Coastal districts of Odisha in past years. The price curve climbs much stiffer than expected. Laspeyres price index (LPI) was used to calculate price increment and hence inflation rate for the year 2008 and 2016. It is demarcated that the inflation is rising dramatically in past seventeen years from 1999 to 2016. The base year taken for reference as 1999. Laspeyres price index in the year 2008 is 226.23 % and in the year 2016 is 560.65 % with an increase of inflation rate of 334.42 %. It indicates an increasing trend of rate of inflation year after year.

Keywords: Laspeyres price index, SIFFS, Price, Inflation

Edition: Volume 5 Issue 7, July 2016,

Pages: 2028 - 2032

How to Download this Article?

Type Your Valid Email Address below to Receive the Article PDF Link

Verification Code will appear in 2 Seconds ... Wait

Price Increment Analysis of Some Small Indigenous Freshwater Fish Species (SIFFS) In Coastal Belts of Odisha Using Laspeyres Price Index

Similar Articles with Keyword 'index'

Effect of Different quantities of Magnesium Oxide Nanoparticles on the Growth of Black Gram Vigna mungo

Human Health Risk Assessment and Effectssome Heavy Metals in the Tissue of Two Species of Cichlidae (Hemichromisfasciatus and Tilapia zillii x Tilapia guineensis) from the Western Part of the Ebrie Lagoon, Cote Divoire