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Table 14 Consumer Price Index for All Income Household in the Philippines, by Selected Commodities and by Geographic Area: October 2011 (2006 100) ___ R E G I O N ___ Commodity Group Phil's. NCR AO

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How to fill out consumer price index for

01

Gather data on prices of a sample of goods and services consumed by a typical household.

02

Assign weights to each item in the sample based on its importance in the household budget.

03

Calculate the price index by summing the prices of each item multiplied by its weight.

04

Compare the current price index to a base period index to calculate the inflation rate.

Who needs consumer price index for?

01

Economists use consumer price index to measure inflation and track changes in the cost of living.

02

Governments use consumer price index to adjust social security payments and tax brackets.

03

Businesses use consumer price index to make pricing decisions and forecast future costs.

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What is consumer price index for?

The Consumer Price Index (CPI) is used to measure the average change over time in the prices paid by consumers for a market basket of goods and services.

Who is required to file consumer price index for?

Typically, businesses and government agencies that track the economic indicators and inflation effects are required to report on the Consumer Price Index.

How to fill out consumer price index for?

To fill out the Consumer Price Index, you need to collect data on the prices of a selected basket of goods and services over a specific time period, then calculate the index using statistical methods.

What is the purpose of consumer price index for?

The purpose of the Consumer Price Index is to provide a measure of inflation and to assess changes in the cost of living over time.

What information must be reported on consumer price index for?

Information required includes the prices of a specific set of consumer goods and services, the base period for comparison, and the percentage change in price levels.

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