Daily rate and Output price index: Difference between pages

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imported>Doug Williamson
(Clarify.)
 
imported>Doug Williamson
m (Categorise.)
 
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The daily rate of interest (or yield) is a quoting convention for the simple interest ''nominal annual rate'' for compounding once per day.
A measure of the change in prices of goods sold by UK manufacturers.  


 
Sometimes called 'factory gate prices', or 'factory prices'.
'''Example'''
 
The quoted daily rate is 5.11%.
 
The amount of interest compounded daily is:
 
5.11% / 365
 
= 0.014%.
 
 
Not to be confused with the ''annual effective'' rate, which in this case would be:
 
1.00014<sup>365</sup> - 1
 
= 5.24%.




== See also ==
== See also ==
* [[Annual effective rate]]
* [[Consumer Prices Index]]
* [[Compounding effect]]
* [[Price indexation]]
* [[Nominal annual rate]]
* [[Periodic rate of interest]]


[[Category:Manage_risks]]
[[Category:Knowledge_and_information_management]]
[[Category:Corporate_finance]]

Latest revision as of 09:23, 2 May 2018

A measure of the change in prices of goods sold by UK manufacturers.

Sometimes called 'factory gate prices', or 'factory prices'.


See also