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Consumer Price Index

Description
Description

The Consumer Price Index (CPI) is a statistical indicator that tracks changes in the price of consumer goods and services. The agency tracks not only the price of goods and services but also the price according to changes in the quantity or quality of those goods and services over time.

To establish its overall measure of price change—its CPI—the Statistics Division collects the price for a number of selected goods and services that households typically purchase. These goods and services are referred to as the “shopping basket.” In the shopping basket, goods and services are organized by commodity type and then divided into sections and subgroups. They are then assigned to a major expenditure category such as Food. The Antigua and Barbuda CPI has 12 major categories, 36 sections, and 68 subgroups.

 

 

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