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Price Indices

Consumer Price Indices (CPI) are measured on the basis of changes in the monthly cost of a fixed basket of goods and services. Prices are recorded at the retail level. This approach is in conformity with recommended International Standard used by agencies such as the United Nations Statistics Division (UNSD), International Monetary Fund (IMF), World Bank, Eurostat and International Labour Organisation (ILO). The items which make up the baskets used by the Bureau of Statistics were selected after the completion of a Household Budget Survey (HBS) in 2006.