CPI in Sudan
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Transcript of CPI in Sudan
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UST
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What is the Consumer Price Index (CPI)?
the average change over time in the prices of:consumer items .goods services
that people buy for day – to – day living.It combines economic theory with
sampling and other statistical techniques and uses data collected monthly to produce a timely measure of average price change.
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Cont.
CPI provides an estimate of the price change between any two periods.
The CPI follows the prices of a sample of items in 12 main categories of consumer spending—such as food, clothing, shelter, and medical service.
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Why is the C P I Important?
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CPI calculation
Items Weight Base current CPI
Dura 0.982 4.84 11.03 2.24
Dura Fetarita 1.173 3.20 8.07 2.96
Yellow maize (Dura Shami) 0.069 4.12 9.29 0.15
Millet (Dukhn) 3.314 5.59 12.08 7.16
wheat 0.864 5.77 12.34 1.85
local barley 0.012 1.07 1.53 0.02
Imported barley 0.015 1.29 1.75 0.02
Egyptian rice ( Imported ) 0.608 2.11 4.80 1.39
∑ PnQo∑PoQo
Example
X100
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Inflation rates
Month CPI 2008 CPI 2009 Inflation
January 106.0 118.0 11.2
February 106.6 118.4 11.1
March 106.6 118.2 10.9
April 109.6 119.0 8.5
May 110.7 120.5 8.9
June 115.8 127.2 9.9
July 119.4 131.2 9.8
August 122.5 135.3 10.4
September 121.0 136.6 12.9
October 118.6 133.9 12.9
November 117.8 134.9 14.5
December 116.9 132.7 13.4
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Why Update the C P I?
Updating the CPI basket items, and their weights; represents the current consumption patterns made by Sudanese households.
The item’s weight is the share of total household expenditure on the item to total households’ expenditure on all items.
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Cont.
Used as deflator for GDP in Services Sectors for example : Education , Health …ect.
change the base year according to the GDP year using the formula :
GDP Current yearChanged CPI
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CPI basket
The last update of the Sudanese CPI basket items was in 2007 based on the HBS that conducted in 2007. The previous basket of the CPI was based on 1978.
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Weights
reflects contribution to total expenditures of households.
determines the impact that its price change will have on the overall index.
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CPI CalculationLaspeyres formula is used for the calculation.CPI basket consists of 663 items and the consumer
basket consists of 944 items. cut of 0.005 temporarily missing and seasonal items are treated
by distributing their weights at the other items in the same expenditure group.
Prices for fruits, vegetables, fresh meat, and fish food are collected on a weekly basis .other items are collected once a month.
The base year is 2007 for all the 15 northern states. CPI is compiled for each state and for Sudan at the
levels: state/ urban, state/ rural, and state.
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CPI STRUCTUREStep1: Data/ Prices entry process -
geographic areas and geographic weights.
∑ PnQo∑PoQo
*100
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Cont.
Step2: Calculation of relative prices and new weights, by dividing the current price by base year price. In addition, the new weight is calculated by multiplying the relative price by the base year weight .
Step3: To compute the minor group level, new weights for sub-minor groups within the minor group are aggregated and divided by the base year weights . The same procedures are done to calculate the Index at the major group level and finally for the general Index.
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CLASSIFICATION SYSTEMCOICOP
Sudan
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Used as deflator for GDP in Services Sectors for example : Education , Health …ect.
change the base year according to the GDP year using the formula :
GDP Current yearChanged CPI
X 100
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COICOP Code - Expenditure groupConsumption Group Sudan/
UrbSudan/
RurSudan
Total 100.0 100.0 100.0
01 - Food and non-alcoholic beverages 43.4 62.0 52.9
01.1 - Food 41.3 59.0 50.3
01.1.1 - Bread and cereals (ND) 8.6 13.3 11.0
01.1.2 - Meat (ND) 9.8 13.8 11.8
01.1.3 - Fish and seafood (ND) 0.8 0.4 0.6
01.1.4 - Milk, cheese and eggs (ND) 4.8 4.8 4.8
01.1.5 - Oils and fats (ND) 2.3 3.6 3.0
01.1.6 - Fruit (ND) 3.3 4.3 3.8
01.1.7 - Vegetables (ND) 6.8 11.9 9.4
01.1.8 - Sugar, jam, honey, chocolate and confectionery (ND) 3.6 4.8 4.2
01.1.9 - Food products n.e.c. (ND) 1.4 2.0 1.7
01.2 - Non-alcoholic beverages 2.1 3.0 2.5
01.2.2 - Mineral waters, soft drinks, fruit and vegetable juices (ND) 0.9 1.0 0.9
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CPI weights for the main groups and minor groups for food
Consumption Group Sudan/ Urb
Sudan/ Rur
Sudan
03 - Clothing and footwear 4.2 4.9 4.5
04 - Housing, water, electricity, gas and other fuels 18.3 10.2 14.2
05 - Furnishings, household equipment and routine household maintenance 8.3 5.5 6.9
06 - Health 1.1 0.9 1.0
07 - Transport 9.8 6.9 8.3
08 - Communication 2.3 1.1 1.7
09 - Recreation and culture 2.7 1.8 2.2
10 - Education 3.5 2.0 2.7
12 - Miscellaneous goods and services 3.1 2.2 2.6
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CPI weights for the main groups Khartoumold Weight
Code Description
M
Weight
10000 Total Food,Drink & Tobacco 0.6378
20000 Total Clothing,Shoes 0.0281
30000 Total Rent And Fuels 0.1057
40000 Total Household Opern 0.0368
50000 Total Health Care 0.0090
60000 Total Transport,Etc 0.0601
72000 Total Entertainment 0.0172
74000 Total Education 0.0146
80000 Total Miscellaneous 0.0907
000 Total Weight 1.0000
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Consumer Price Indices 2008 -2009
100.00
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140.00
cpi
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Monthly Inflation Rates for Northern States 2008-2009
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