The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.7.92 Appendix 7.1 to this chapter provides data taken from the United Kingdom Compaq and Dell web sites in July 2000 on the prices and characteristics of 64 desktop personal computers (PCs). Figure 7.2 is a scatter diagram constructedanbsp;...
|Title||:||Consumer Price Index Manual|
|Author||:||International Labour Office|
|Publisher||:||International Labour Organization - 2004-08-25|