This Appendix will appear later as a part of the Labour Report No. 9, 1918. This Report, it is hoped, will be published about May, 1919. 7SYNOPSIS. Part I. Introductory Remarks on Priceindexes. 1. The significance oi price-indexes .2. Necessity of accurate conceptions regarding the nature of a price-index .. 3. A im of the present article. 4. Complexities may be avoided 5. Difference between price-ratios and price-indexes .. .. ... 6. Popular view of relations between priceratios and price-indexes 7. Purpose of price-indexes must be considered 8. Exposition of nature of technique 9. Differences between household-budgets and composite-units. Part II. The Purchasing-power of Money and the Nature of Price-indexes. 1. General 2. The composite-unit as a basis for measuring changes in the purchasing-power of money. 3. Reciprocalcomparability of price-indexes vat different dates. 4. Accuracy to be expected 6. Price-indexes for an individual 6. Effect of changes in the composite-unit 7. Meaning of price-indexes for groups of individuals 8. Relative, not absolute, amounts necessary to constitute the composite-unit 9. Comparability and non-comparability of individuals and communities 10. Price-indexes for a class, a community, a State and an Empire .. .. -.. 11. Small effect of considerable differences in the composite-unit 12. The relation between price and the composite-unit 13. Criteria of constancy in the standards of quality of commodities 14. Absolute maintenance and quasi-continuity of standards 15. Nominally constant standards 16. Composite unit for special purposes .. 17. Secular changes in the purchasing-power of money 18. Mode of ensuring pseudo-continuity .. 19. The system of relations between money and commodities 20. The effect of abnormal times upon priceindexes 21. Effect of seasonal fluctuations in consumption of commodities 22. For many questions exp
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