1921 17 910 The compilers..made use of weighted price relatives, but these price relatives were weighted by constants representing the estimated money values of each commodity in the base year or period.
1953 S. Hays (ed. 4) xii. 126 The ‘price relative’ is the ratio of the price at one period to the price at another.
2002 C. D. MacKie & C. L. Schultze ii. 75 The Laspeyres averages these price relatives, each weighted according to the good's importance in the base period.