The Australian Bureau of Statistics Regularly Publishes the Average Retail

Essay

The Australian Bureau of Statistics regularly publishes the average retail prices of selected items for each Australian capital city. The following table presents the prices of oranges, bananas, potatoes, tomatoes, carrots and onions in Melbourne during the June quarter in 2012 and 2014. $$\begin{array}{l}\text { Fruit and vegetable prices } ( \$ / \mathrm { kg } )\\\begin{array} { | l | c | c | } \hline \text { Item } & \text { June 2012 } & \text { June 2014 } \\\hline \text { Oranges } & 2.98 & 2.95 \\\hline \text { Bananas } & 2.32 & 2.37 \\\hline \text { Potatoes } & 2.69 & 2.44 \\\hline \text { Tomatoes } & 3.72 & 4.59 \\\hline \text { Carrots } & 2.20 & 1.95 \\\hline \text { Onions } & 2.57 & 2.35 \\\hline\end{array}\end{array}$$ Construct a simple aggregate index of the prices for the fruit and vegetable group using June 2012 as the base period.