Consumer Price Index basket review
Taylor asked which items are included in the CPI and whether the calculation reflects current conditions. Brady listed 722 items across consumer expenditure categories, surveyed in 81 towns and cities, and said the basket review was under way using a household budget survey of about 8,000 households, due to finish in March 1988.
asked the Taoiseach if he will outline the range of items currently used in the calculation of the consumer price index; if he considers that the present method of calculating the index takes adequate account of current conditions; and if he will make a statement on the matter.
Comment on this
In calculating the consumer price index account is taken of current changes in the cost of all categories of consumer expenditure, that is, food, drink, tobacco, clothing, footwear, fuel and light, housing, durable household goods, other goods, transport, services and related expenditure. The total number of items for which price changes are measured each quarter is 722. These are surveyed on a wide geographic basis covering 81 cities and towns throughout the country.
Comment on this
When were the individual items that were used for making the calculations for the index last reviewed and are there any proposals to have an ongoing review of the items included in calculating the index?
Comment on this
Yes. The price quotations on which the index is based are voluntarily provided each quarter by an extensive panel of retail and service outlets throughout the country. The quotations provided by individual concerns are treated as strictly confidential and are not provided by the CSO to any Government Department——