Price Index: Definition, Calculation, and Function
The Price Index is the metric that shows your price positioning in the market. We’ll talk about how observing the price index helps in improving sales, controlling the positioning of your brand, and finding loopholes to rise among competitors. More to that, we’ll learn how to measure it. If you’re ready, let’s dive in. What is the price index (PI)? For ecommerce businesses, price index refers to the metric that illustrates how your products, categories, or brands are positioned in…