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Republic of the PhilippinesPHILIPPINE STATISTICS AUTHORITY Region 7 Central VisayasREQUEST FOR QUOTATION RFQ # 202101043 22 January 2021 The Philippine Statistics AuthorityRegion 7 (PSAR07) through

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How to fill out consumer price index cpi

01

Gather data on the prices of a specific basket of goods and services

02

Calculate the total cost of the basket at a specific point in time

03

Repeat the process at regular intervals to track changes in the cost of the basket

04

Calculate the percentage change in the cost of the basket over time

05

Adjust the weights of the items in the basket to reflect changes in consumer spending patterns

Who needs consumer price index cpi?

01

Economists and analysts who want to measure inflation and track changes in the cost of living

02

Policy makers who use the CPI to make decisions about monetary policy and social programs

03

Businesses that use the CPI to adjust prices and wages in response to changes in the cost of goods and services

04

Consumers who want to understand how changes in prices are affecting their purchasing power

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What is consumer price index cpi?

Consumer Price Index (CPI) is a measure that examines the average change in prices paid by consumers for goods and services over time.

Who is required to file consumer price index cpi?

The Bureau of Labor Statistics (BLS) is responsible for compiling and reporting the Consumer Price Index (CPI) on a monthly basis.

How to fill out consumer price index cpi?

The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

What is the purpose of consumer price index cpi?

The purpose of the Consumer Price Index (CPI) is to measure inflation and provide an indication of changes in the cost of living over time.

What information must be reported on consumer price index cpi?

The CPI reports on price changes for food, housing, clothing, transportation, medical care, and other goods and services.

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