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CONDITIONAL COST OF LIVING INDEX

Statistics Directorate    
Definition:
A conditional cost of living index measures the change in the cost of maintaining a given utility level, or standard of living, on the assumption that all the factors, except the prices covered by the index, that influence the consumer’s utility or welfare (e.g. the state of physical environment) remain constant.

Source Publication:
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Consumer Price Index Manual: Theory and Practice, International Labour Office, Geneva.

Cross References:
Cost-of-living index

Hyperlink:
http://www.ilo.org/public/english/bureau/stat/guides/cpi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Thursday, February 20, 2003

Last updated on Monday, July 11, 2005