Goods and Services
The main goods and services that the household consumer most consumes for household purposes.
Chapter Three: Price Statistics and Index number
Goods:
Material things in demand and whose ownership rights can be proven. Their ownership can be transferred between individuals and institutions through dealing in the market.
Chapter Three: Price Statistics and Index number
Services:
Un-independent units whose ownership rights can be proven, and it cannot be commercialized separately from their production, services, and harmonized outputs on demand, and usually consist of changes in the conditions of consuming units that are achieved through the activities of the producers based on the demand of consumers, and at the time when their product is completed. They must be supplied to consumers and consumed at the time of production.
Chapter Three: Price Statistics and Index number
Basket of Goods and Services
The sample of goods and services represents all the goods and services included in the index basket. In the consumer price index, this basket of goods represents all the goods and services purchased by households.
Chapter Three: Price Statistics and Index number
The relative importance of goods and services:
The percentage of the expenditure share on goods or services out of total expenditure for all goods and services in the consumer basket.
Chapter Three: Price Statistics and Index number
Price Unit
The unit to determine the weight, size, and quantity of the sale of materials (such as kilograms, packages, liters ... etc.)
Chapter Three: Price Statistics and Index number
Price
It is defined not only as a unit value of a product whose quantities are completely harmonized but also in some other characteristics.
Chapter Three: Price Statistics and Index number
Price Averages
It is the value of the prices of a good divided by some quotations. Average prices are used in preparing comparative studies of the prices of similar goods in the world's countries.
Chapter Three: Price Statistics and Index number
Average prices of goods and services:
A statistical measure of changes in the average prices with a specification, a fixed and specific period.
Chapter Three: Price Statistics and Index number
Permanence:
Ensuring the point of sale continues to be active for a long period.
Chapter Three: Price Statistics and Index number
Frequency:
Purchasing movement at the point of sale.
Chapter Three: Price Statistics and Index number
Index Number
The index number is defined as a relative number that measures the change in one or more phenomena. It is obtained by the ratio of the value of the phenomenon in the comparison period to its value in the base period.
Chapter Three: Price Statistics and Index number
