Finding Max Values depending on Lookup Values - excel

Question

I have Sale Invoices for bread, jam, etc. like this table.
+-------+--------+-------+
| Item | Date | Price |
+-------+--------+-------+
| Bread | 1-Dec | 5 |
+-------+--------+-------+
| Jam | 1-Dec | 5 |
+-------+--------+-------+
| Bread | 8-Dec | 6 |
+-------+--------+-------+
| Jam | 8-Dec | 4 |
+-------+--------+-------+
| Bread | 15-Dec | 4 |
+-------+--------+-------+
| Jam | 15-Dec | 7 |
+-------+--------+-------+
I want the highest price date for each item like
+-------+--------+---------------+
| Item | Date | Highest Price |
+-------+--------+---------------+
| Bread | 8-Dec | 6 |
+-------+--------+---------------+
| Jam | 15-Dec | 7 |
+-------+--------+---------------+
It is like finding Max Values depending on Lookup Values. It is very much like Group By and Max in SQL. How do I do it in excel? I've tried index match and also googling. Nothing helps. Please help me.

Answer 1

This is typically done through a pivot table:
Select your data.
Insert a pivot table.
In your case use "Item" & "Date" as rows.
In your case use "Price" as value.
Then click "Price" and under it's field settings choose "Max".
Then in the pivot table itself right any date, click "Filter" > "Top Ten" and make that top 1 based on the max price.
There are many ways to do this through formulae, but if one has Excel O365 it can be done through one single formula, for example:
Formula in E2:
=TRANSPOSE(CHOOSE({1,2,3},TRANSPOSE(UNIQUE(A2:A7)),TRANSPOSE(MINIFS(B2:B7,A2:A7,UNIQUE(A2:A7),C2:C7,MAXIFS(C2:C7,A2:A7,UNIQUE(A2:A7)))),TRANSPOSE(MAXIFS(C2:C7,A2:A7,UNIQUE(A2:A7)))))
Or:
=FILTER(A2:C7,ISNUMBER(MATCH(A2:A7,UNIQUE(A2:A7),0))*LET(X,MAXIFS(C2:C7,A2:A7,UNIQUE(A2:A7)),ISNUMBER(MATCH(C2:C7,MAXIFS(C2:C7,A2:A7,UNIQUE(A2:A7))))*ISNUMBER(MATCH(B2:B7,MINIFS(B2:B7,A2:A7,UNIQUE(A2:A7),C2:C7,X),0))))