Wednesday, July 13, 2016

INE provides new base CPI to measure inflation – El Deber

As a result of a recent census to 12,300 families, from 2017 the country will have a new basis of Consumer Price Index (CPI), which reflects the basket, while since October this year, the National Statistics Institute (INE) offer monthly unemployment rate and the labor market.

the information was provided by the executive director of the INE Luis Pereira, who reported that in September completed the census of the basket made for one year 12,300 families from different social strata and regions of the country.

“we are already doing quotes basis of the new IPC price and will draw between February and March new price Index Consumer. Unlike the previous survey was done between 2003 and 2004 and the base of the CPI was changed in 2007, now a survey between 2015 and 2016 with 2016 prices and change is the new base 2017 “said Pereira.

Without specifying what kind of products and expenses are incorporated into the new CPI, Pereira said is between 240-310 items, depending on the declaration of household expenditure. ” sometimes we believe that there is a general basket, but consumption of la Paz is not the same as the cobijeños living in a border town and feel stronger inflation in Brazil, “he said.

unemployment rate

as for the employment data, underemployment, open unemployment, precarious employment, informal employment and other derivatives, the director of the INE said pollster entity will be able to offer since October , indicators of monthly rates.

“from October every month we will draw unemployment indicators and labor market. Before it was only once a year. This indicator for management by allocated resources allows us for the first time in Bolivia have a permanent employment survey and public opinion will every month as the CPI, “he said.

the Labor Minister Gonzalo Trigoso, said Bolivia has one of the lowest unemployment rates , and that the huge investments being made by the government the unemployment rate in the country will drop to 0.5% until 2020.

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