Product Price History Comparison
This grocery product - Pedigree Pal Homestyle Chicken Rice & Vegetable 700g -
has a current PVI of 4.2,
meaning it is close to the average, or 'most commonly advertised' price for the last 6 months.
This grocery product is normally advertised for a price of $1.19
meaning it is currently at 108% of what it would normally cost.
How is the Product Value Index Calculated?
We track the product price history of
each product on our system over time, and whenever it is advertised online,
we store this product price and compare it with previous prices.
If the product is around the "average"
value for this product, or the product price is the same or similar as the
most commonly occuring price historically, it will have a PVI of around 5.0
If it is the cheapest price it has ever
been within the last six months, it will have a PVI of around 10.0. Lastly,
if the grocery product is the most expensive it has been in the last 6 months,
it will have a PVI of 0.0
Simply put, the higher the PVI ranking
of the product, the better the discount you are getting on the normal product
price.
