Retail Price Indices reflect the trend and degree of change
in retail prices of commodities during a given period. The
change
in ret ail prices of commodit ies directly affect the living expenditure
of urban and rural resident s, government
revenue, purchasing
power of residents and the equilibrium of market supply and
demand, and the ratio of consumpt ion to
accumulation. Therefore,
the retail price indices are useful t o analyze the changes of
the above economic activities.
Consumer Pri ce Indi ces reflect the trend and degree of
changes in prices of consumer goods and services purchas ed by
urban and rural residents, and is a composite indices derived from
the urban consumer price indices and t he rural consumer
price
indices. Consumer price indices can be used to analy ze the impact
of consumer p rice change on actual expenditure for
living
cost of urban and rural residents.
Urban Consumer Price Indices reflect the trend and degree
of changes in p rices of consumer goods and services p
urchased
by urban households during a given period. It can be used
to obs erve and analyze the impact of price changes in
consumer
goods and services on wages (in monetary t erms ) of staff and
workers, and provide basis for policy-making
concerning t he
living cost and wages of st aff and workers.
Rural Consumer Price Indices reflect the trend and degree
of changes in p rices of consumer goods and services p
urchased
by rural households during a given period. It can be used
to observe the impact of change in ret ail prices of
consumer
goods and service p rices in rural areas on living expenditure of
rural households , and to show the changes in the
living st andard
of peasants . It provides basis for analysis and research on condition
of life in rural areas.
Ex-factory Price Indices of Industri al Products reflect
the trend and degree of changes in general ex-factory prices of
all
industrial products during a given period, including sales of industrial
products by an industrial enterprise to all units
outside
the enterprise, as well as sales of consumer goods to residents. It
can be used to analy ze the impact of ex-factory
prices on gross
output value and value-added of the industrial s ector.
Price Indices of Investment in Fixed Assets reflect the
trend and degree of changes in prices of investment goods and
projects in fixed assets during a given period. The investment in
fixed asset s consist s of three components , namely the
investment
in construction and installation, the investment in purchases
of equipment and instrument, and the investment in
other items.
Price indices of investment in fixed assets are calculated as the
weighted arithmetic mean of the price indices of
the three components
of investment in fixed as sets.
Removing t he factor of price change in the aggregates of
investment at current prices, this indicator shows the changes in
the prices of commodities and fees involved in the inves tment of
fixed assets, and can be used to observe t he actual size,
growth,
structure, and efficiency of investment in fixed asset s and provides
reliable and s cientific data for government
planning, management,
decision-making, and further improving the current national
accounting system.
Price Indices for Real Estate reflect the trend and degree
of changes in prices of real estat e during a given period,
including
price indices for selling houses and buildings, price indices for
leasing houses and buildings and price indices for
land trans action.
The methods for the compilation of the three sets of indices
are similar in t hat they all use bott om-up
approach under which
data are reported from lower level t o higher level.
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