1 / 4

C ONSUMER P RICE I NDEX

C ONSUMER P RICE I NDEX. CPI is the main measure of inflation. CPI is administered by Statistics NZ It is based on survey of goods that are deemed typical of spending patterns of NZer’s The ‘basket of goods’ – 700 0f them, is determined by the HOUSEHOLD ECONOMIC SURVEY.

eliot
Download Presentation

C ONSUMER P RICE I NDEX

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CONSUMERPRICEINDEX • CPI is the main measure of inflation. • CPI is administered by Statistics NZ • It is based on survey of goods that are deemed typical of spending patterns of NZer’s • The ‘basket of goods’ – 700 0f them, is determined by the HOUSEHOLD ECONOMIC SURVEY. • The composition and weightings are revised once every 3 years to reflect changes in spending patterns. • The prices of the goods are surveyed once every quarter, though some are done more frequently.

  2. SIMPLE PRICE INDEX $ 10.00 60.6% 27.3% $ 4.50 12.1% $ 2.00 100.00 $ 16.50

  3. SIMPLE CANTEEN PRICE INDEX $ 10.00 $ 4.50 $ 2.00 $ 16.50 CURRENT TOTAL EXP. 16.50 1000 X = 1000 1000 = X 16.50 BASE YEAR EXP.

  4. YEAR 2 YEAR 2 EXPENDITURE (QXP2) YEAR 2 PRICE (P2) % CHANGE $2.10 $10.50 5% $ 10.00 $1.00 $3.00 -33% $ 4.50 100% $2.00 $4.00 $ 2.00 $17.50 $ 16.50 1000 1060 6% CURRENT TOTAL EXP. 17.50 1060 X 1000 = 1000 = X 16.50 BASE YEAR EXP.

More Related