METHODOLOGY REPORT FOR REBASING NATIONAL CONSUMER PRICE INDEX FROM 2007 TO 2011/12 USING 2011/12 HOUSEHOLD BUDGET SURVEY

National Consumer Price Index (NCPI) measure changes over time in the general level of prices of goods and services that household purchases for the purpose of final consumption. For this reason, NCPI has increasingly become key macro economic indicator for monitoring price movements and how these movement impact on policy decisions. Moreover, NCPI have been tailored to suit a number of applications, the common ones being; indexation of wages, rents, contracts and social security payments, the deflation of economic series in national accounts statistics and a general macro economic indicator for disinflation programs and setting of interest rates.

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