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An approach to CPIs in which consumption is identified with the consumption goods and services acquired by a household in some period (as distinct from those wholly or partially used up for purposes of consumption). Depending on the intended scope of the CPI, acquisitions may include not only goods and services purchased, but also those acquired by own-account production or as social transfers in kind from government or non-profit institutions.

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


Statistical Theme: Prices and purchasing power partities

Created on Monday, July 11, 2005

Last updated on Monday, July 11, 2005