IDEA DE OFRECER LA VENTA BAJO CATÁLOGOS

Consumer Price Index (CPI)

83. The Consumer Price Index (CPI) is compiled by the Department of Price Statistics of the NSC in accordance with major international recommendations: Consumer Price Index Manual (ILO) and the 1993 System of National Accounts (1993 SNA).

84. Information is collected in 7 regional urban centres and in Bishkek city by registrars (personnel of territorial statistical bodies). The CPI is based on the collection of retail prices for 369 different goods and services (consumer basket) acquired for non- production purposes. 1,496 enterprises engaged in trade and services are selected by the registrars based on purposive sample. Prices are reported on paper in the workbook for

registration of prices and tariffs on food and non-food goods/products and services for population. The information is then recorded electronically and transferred to the MCC

for quality checks, processing and calculation of the index. Collection of consumer prices and tariffs is done on a monthly basis. Prices for food products are collected weekly. Prices and tariffs for non-food goods/products and services for the population are recorded 1-2 times a month. Ultimately, the NSC is responsible for the dissemination of CPI data on a monthly, quarterly and annual base. The present reference period is 2009 (2009 = 100).

85. Weights used for the CPI calculation are based on annual data of consumption expenditure structure from the household budget survey and regional weights are based on population and consumer expenditure statistics. The Laspeyres formula is used to combine elementary indices. The CPI is compiled according to the classification of individual expenditure by purpose (CEBP), which corresponds to the COICOP. Goods and services that are unavailable for a prolonged period are subject to substitution. Substitution objects are duly chosen, usually at the end of the year and new items are usually incorporated at the time weights are updated. In the event of the temporary absence of a good, the last observed price is applied or the price movement of an equivalent good is used. No adjustments are made for seasonal fluctuations.

Producer Price Index (PPI)

86. The Producer Price Index (PPI) is compiled by the Department of Price Statistics of the NSC in accordance with major international recommendations: UN Manual on Producer Price Index and the 1993 SNA. The classification used in the PPI calculation is consistent with international standards (CPA and NACE rev.1).

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87. Price observations are reported by industrial enterprises by 25th of the reporting month. 145 industrial enterprises, mainly large and medium enterprises operating permanently, are selected purposively by price specialists of territorial statistical bodies in consultation with the Price Statistics department of the NSC. Primary data are collected by territorial statistical bodies and transferred to the MCC for quality check, processing and calculation of the PPI. The NSC on a monthly basis publishes data, two weeks following the end of the reference period.

88. The index is calculated on 236 representative commodities. Weights used for the compilation of the PPI are based on the industrial production statistics in value terms by type of goods for the previous year. They are updated every year in July. Monthly, quarterly and cumulative price indices are calculated by Laspeyres formula. The present weight reference period is 2010 (2010 = 100).

89. The NSC is also compiling an Agriculture Products Price Index. For this index, prices for 54 kinds of agricultural products are inspected monthly to calculate the price index for agricultural products. Prices are registered during the first customer sales excluding taxes on goods and transport costs. A sample survey covers all state and collective farms, and 8 thousand peasant (farmers) and private farms.

Purchasing Power Parity (PPP)

90. The NSC participates in the global programme of international comparisons of GDP for 2011. At present, the NSC is collecting prices for food products monthly in oblasts centres and Bishkek. Prices are collected by registrars (personnel of territorial statistical bodies). Prices for non-food products and services are collected quarterly in Bishkek with further distribution to the republic. This collection is performed by two employees of price statistics department of the NSC.

91. In order to implement international comparisons a list of representative goods and services with their technical and economic characteristics is compiled following the CIS- scheme, with the introduction of the necessary adjustments based on national specificities. The selected goods have to be on sale and sold on the domestic market. Prices for consumer goods and services are recorded in the oblast towns/centres and in the capital. For the international comparisons the same sample of outlets is used, as for calculation of the CPI. Average prices for goods and services across the whole country are calculated as a weighted average of prices prevailing in the surveyed regions. Specific scales of consumer spending of the population of regions in total expenditures are used as territorial scales. Annual prices of consumer goods and services are national average prices derived from monthly and quarterly records of prices for goods and services. Once a year, information on the average national prices is sent to the CIS-STAT.

Assessment

92. The concepts and definitions used in the CPI and the PPI, published respectively since January 1995 and October 1996 are consistent with international standards. Full descriptions of methodology used for the compilation of price indices are published in

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Methodological Provision on Statistics, chapter “Price and tariffs”. Also brief description of sources and methods of data calculations are given in the regular publication of the NSC, thematic books and are posted on the NSC website.

93. As the reference period for the CPI and PPI is usually a month, and it changes in every release, continuous time series is not formed. To solve this problem, the index reference period should be a year or chain-linking methodology should be implemented. Seasonally adjusted time series are not produced since there is no long time series of price statistics. 94. To maintain international comparability, the update of the economic activity

classification to the latest version (ISIC rev. 4/NACE rev.2) will be necessary.

95. The CPI covers all urban resident households of all sizes and income levels, but needs also to be extended to rural households, which represent the majority of the population. 96. The coverage of the PPI needs to be extended to small enterprises and individual

entrepreneurs and include agriculture, construction, transport and communication that are already compiled in parallel.