Glossary of the 1993 SNA - Definition of Term |
| Term | Constant prices | | Definition | Constant prices are obtained by directly factoring changes over time in the values of flows or stocks of goods and services into two components reflecting changes in the prices of the goods and services concerned and changes in their volumes (i.e. changes in “constant price terms”); the term “at constant prices” commonly refers to series which use a fixed-base Laspeyres formula. | | Paragraphs | 16.2. |
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