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2.2K views · 30 reactions | Today, we're looking back at 70 years of the Consumer Price Index (CPI) in Australia. How has the CPI basket of goods changed since 1948? Find out more at https://bit.ly/2DbuivG | Australian Bureau of Statistics | Facebook
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84 reactions · 12 shares | Did you know that the Consumer Price Index (CPI) "basket" reflects the average Jamaican's spending habits? The Statistical Institute of Jamaica (STATIN) uses the CPI to measure price changes. Bank of Jamaica uses this information to create policies to manage inflation, helping to maintain a stable and predictable economic environment. #Let’sTalkAboutInflation #BOJ #ConsumerConfidence #BetterBusiness #Inflation #CPIBasket | Jamaica Information Service | Facebook
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The CPI measures changes in the price of a 'basket' of goods and services, which measure what households are spending in capital cities. This 'basket' covers the following 11 categories of goods and services: 🟢Food and non-alcoholic beverages 🟢Alcohol and tobacco-Clothing and footwear 🟢Housing 🟢Furnishings, household equipment and services 🟢Health 🟢Transport 🟢Communication 🟢Recreation and culture 🟢Education 🟢Insurance and financial services | Australian Bureau of Statistics
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