Stay updated on the latest Consumer Price Index trends, construction cost index, and supply chain risks in May 2023. Get insights from Arthurnelle Wade, Life Science Commodity Manager at UCOP.

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This press release covers the measurement of the Producer Price Index (PPI) and Producer Inflation in Ghana for July 2023. It explains the computation based on fixed baskets of products and reference periods, highlighting the year-on-year inflation rate at factory prices for goods and services.

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This study focuses on developing a performance evaluation index for Islamic social finance institutions (ISFIs) based on Maqasid al-Shariah to better measure their performance beyond just financial aspects. The aim is to analyze how far ISFIs have accomplished Maqasid during their operations through

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The Ghana Statistical Service released the Consumer Price Index (CPI) and inflation data for October 2023. The CPI measures changes in the price of a fixed basket of goods and services, while the inflation rate reflects the relative change in the CPI between periods. Inflation figures for October 20

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Explore the theory of consumer demand, including the principles of price-demand relationship, homogeneity, symmetry, and price elasticity. Delve into the concepts of own-price elasticity, cross-price elasticity, and expenditure elasticity to understand how changes in prices and income affect consume

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The Consumer Price Index (CPI) report for February 2021 by the National Bureau of Statistics, Maldives, shows a monthly inflation rate of -0.05%. Significant price decreases were observed in mobile communication services, major household appliances, fish, and more, while price increases were noted i

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In the realm of price index formulas, the Time Reversal Test (TRT) plays a crucial role in determining the applicability of various index calculation methods. Professor Fisher introduces tests like TRT, FRT, and Circular Test to gauge formula efficiency. TRT demands that the calculated index remains

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The Uganda Bureau of Statistics presents the Residential Property Price Index (RPPI) for Greater Kampala Metropolitan Area in the third quarter of the financial year 2021/22. The RPPI covers Kampala and Wakiso districts, utilizing the hedonic pricing approach to compute price factors influencing res

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Update on the Consumer Price Index and Inflation Rate for March 2021 released by the National Bureau of Statistics in Maldives. The report covers monthly percentage changes, significant price decreases and increases, and contributions to the change in the index points for various categories. Overall

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Explore the key concepts of price elasticity in economics, including calculations, determinants, and applications. Understand the differences between price elasticity of demand and supply, learn how to calculate price elasticity, and interpret elasticity coefficients. Discover the responsiveness of

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Exploring the concept of price indices in economics, focusing on composite price indexes, weighted and unweighted indices, and their importance in measuring relative prices. A practical illustration using the example of tea consumption showcases how price indices help in understanding cost changes o

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This content delves into a comprehensive study of pear cut diamonds, focusing on attributes like Positive/Negative Rarity, Vulnerability to Chipping, Fluorescence Index, and more. It includes analysis of specific pear diamonds such as AJ-13.9_0.53.ct_H_VS1 and BQ6-165.1_0.52.ct_H_IF, along with insi

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Economists have developed models on price-output determination under price leadership, with assumptions about leader and follower behavior. In this scenario, two firms, A and B, with equal market share and homogeneous products, navigate pricing strategies based on cost differentials. Firm A, with lo

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Exploring the significance of price index formulas and aggregation methods in economic analysis. Learn about simple and weighted aggregate indices, elementary index calculations, and why aggregation methods are essential for computing price changes accurately.

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Sire evaluation plays a crucial role in determining genetic worth and breeding value in animal genetics. Various methods such as Sire Index, Daughter Average Index, and Equiparent Index are used to assess sires for genetic superiority. Biasness in evaluation due to environmental factors and contempo

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The construction industry faces challenges due to price fluctuations in construction materials, especially in countries with unstable currencies. Civil works contracts funded by the World Bank are eligible for price adjustments if the contract duration exceeds 18 months. This presentation highlights

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Various methods of constructing index numbers, such as un-weighted index, simple aggregate method, and simple average of price relatives method, are explained in detail. These methods play a crucial role in analyzing price changes over time and comparing different economic indicators. Each method of

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Weighted price indices are essential in economics to measure changes in prices over time. Different methods such as Laspeyre's and Paasche's price indices offer ways to calculate these indices using weighted averages. Fisher's index combines both methods to provide a comprehensive view. The weighted

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The h-index and i10-index are important metrics in evaluating a researcher's impact and productivity in scientific research. The h-index indicates the number of publications with at least the same number of citations, while the i10-index counts the number of publications with at least 10 citations.

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This study by Antonio Chessa delves into the characterization of extension methods for multilateral index series, highlighting the impact of various factors such as product definition, index formula, weighting schemes, and length of time windows on the index. It addresses the challenges of revising

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This session delves into the process of designing a price data collection system, focusing on product specification, setting norms for item substitution, outlet selection, determining frequency and timing, method of data collection, treatment of seasonal products, quality adjustment, and dealing wit

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This presentation provides a detailed analysis of the performance attributes of pear-shaped diamonds, including positive and negative aspects, rarity, vulnerability to chipping, and more. It also introduces a price index formula for evaluating diamond polish based on various factors such as rarity,

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Price determination under perfect competition involves the interaction of demand and supply curves to reach equilibrium, where the quantity demanded and supplied are balanced at an equilibrium price. In perfect competition, price is determined at the point where demand and supply intersect. Demand v

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The Uganda Bureau of Statistics (UBOS) produces and disseminates the Producer Price Index Agriculture to show the farm-gate prices received by farmers for primary agricultural products. The index is used by various stakeholders for policy-making and decision-making purposes. It covers key agricultur

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Learn about inflation, its causes, effects, and measurement through price indices like the Consumer Price Index. Discover how to calculate simple and composite price indices with practical examples.

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Explore the construction and composition of price index baskets, including how goods and services are selected, classified, and weighted to compile a price index. Learn about hierarchical structures, product classifications, and decision-making processes involved in creating these essential tools fo

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Price indices play a crucial role in measuring changes in prices of goods and services. This presentation covers the construction of price indices, defining purposes, selecting base periods, assigning weights, and more. Explore the purpose, scope, and coverage of price indices as measures of inflati

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The Business Service Price Index is being developed in India to include services in the Wholesale Price Index, covering key sectors like Railways, Air Transport, Banking, and more. The proposed index framework aims to integrate various service price indices. Challenges include capturing dynamic rail

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Explore the ALCB Lending Index Presentation held on 01.02.2018, including methodology, results, and discussions on lending for economic growth. Discover the index development process, methodology, and factors impacting banks' ability and desire to lend, as well as borrowers' ability and desire to bo

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Delve into the Caste Freedom Index in Nepal, highlighting the current status of Dalits and the need for such an index. Learn about the caste system's power and organization in Nepalese society, and why this index is crucial in combating caste-based discrimination. Explore historical perspectives and

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The U.S. Bureau of Labor Statistics is considering transitioning from a modified Laspeyres formula to a geometric Young formula for elementary indexes in the Producer Price Index (PPI). This proposed change aims to enhance the accuracy and economic relevance of price measurements by utilizing a geom

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The Norfolk Island economy is showcasing positive indicators compared to Australia, with lower inflation and unemployment rates alongside higher economic growth. The Retail Price Index (RPI) methodology tracks the cost of goods and services over time for the average household. Consumer inflation is

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The process of constructing a price index involves various steps such as computation of price relatives, aggregation at different levels, selection of base period, and designing data collection methods. Weighted arithmetic mean and simple ratio calculations are used in aggregating price indices. A t

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Price elasticity of demand is a crucial concept in economics that measures how much the quantity demanded of a good changes in response to a change in its price. Factors influencing own-price elasticity, cross-price elasticity, income elasticity, and supply elasticity are explained and illustrated u

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Elasticity in economics refers to the responsiveness of demand to price changes. A more elastic curve results in larger quantity changes for small price changes, while a less elastic curve requires larger price changes to affect quantity consumed. The elasticity of demand can be measured by calculat

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Price elasticity of supply measures how much the quantity supplied responds to changes in price. It can be inelastic (quantity supplied responds slightly), elastic (quantity supplied responds substantially), or unit-elastic (price elasticity of supply equals 1). Various determinants like the passage

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Elasticity of demand refers to the responsiveness of quantity demanded to changes in price. Perfectly elastic demand occurs when there is an infinite demand at a particular price and demand becomes zero with a slight rise in price. Conversely, perfectly inelastic demand occurs when there is no chang

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The content discusses changes in price adjustment provisions for asphalt binder indices, bid indices, and bituminous price adjustment. It covers the removal of standard specifications, the use of specific binder types, and the application of price adjustments on a contract basis. The focus is on usi

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Price discrimination under monopoly occurs when businesses charge different prices to different consumer groups for the same product or service. Conditions for price discrimination include monopoly power, market segmentation, ability to separate consumer groups, and prevention of resale. Examples of

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September 2023 witnessed a 0.4% growth in FMCG sales compared to the previous year, with a YTD value rise of 5.0%. StoreNext's price index increased by 5.1 points, mainly influenced by rises in Food and Personal Care sectors. Beverages showed the highest rise in the field, while other sectors like C

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