Loading...
AdminLTE Logo
  • PSRTI | Completed Research Studies
AdminLTE Logo PSRTI



Synchronized Rebasing of Price Indices in the Philippines

Year: 2008
Author:

Abstract:

Price indices are used to measure cost of living as well as the economy’s price level. In the Philippines, price indices such as the consumer price index (CPI), general wholesale price index (GWPI) and producer price index (PPI) in agriculture and manufacturing have varying base years. In order to make base years comparable in the estimation of the national accounts, price indices are rebased by what is known as the “splicing” method. This method may be unnecessary when there is synchronizatiion of base years within price indices. Rebasing of price indices is usually done every five years by the National Statistical Coordination Board (NSCB). However, due to the differences in the availability of data, its implementation is contrained. Thus, this paper revisited and reviewed the policies on synchronizing base years, and explored on the feasibility of having a common and updated base year for all price indices being utilized in the Philippine Statistical System. Inputs to the rebasing of price indices were derived from the Family Income and Expenditure Survey (FIES), Commodity Outlets Survey (COS), Census of Philippine Business and Industry (CPBI), Input-Output Survey of Philippine Business and Industry (IOSPBI), and production surveys.

Keywords:

File request
First name
Middle name
Last name
Email
Agency
DATA PRIVACY CONSENT/AGREEMENT

The Privacy Notice of the Philippine Statistical Research and Training Institute:

Personal Information and Purpose:

We shall be getting the following personal information from you when you electronically submit to us your registration form, inquiries, complaints, suggestions and other requests:

In the conduct of our research and training activities, you will be asked for pertinent personal information such as your name, age, gender, contact information, and other details. The personal information we collect will be used solely for documentation and processing purposes within the PSRTI and will NOT be shared with any outside parties. The data will also be used to provide clients and stakeholders updates and advisories of our statistical researches and training-related activities.

Protection of Clients Data/Information:

We give assurance that all personal information will be stored, secured and kept in strictest confidence by PSRTI where only authorized personnel can have access to online personal information. Collected/gathered information will not be shared to any unauthorized PSRTI staff or those from outside parties.

You hereby grant permission to PSRTI to:
  • collect, store and manage the data collected from you.
  • randomly capture photo/s for the purpose of research/training documentation to be used in marketing collaterals, ads, website and other marketing mediums of PSRTI.
  • use your e-mail to receive e-flyers and other brochures for marketing purposes.
Version 1.0.0
Copyright © 2020 psrti.gov.ph. All rights reserved.