CPI Quiz

Refers to the price at which a commodity is sold in small quantities for consumption

• Retail/Consumer Price

• Price

• Index Number

• Weight

The amount or value paid in exchange for the commodity or service rendered

• Retail Price Index

• Price

• Unit of Measure

• Unit of Measure

An indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by an average Filipino household. It shows how much on the average, prices of goods and services have increased or decreased from a particular reference period known as base year

• Seasonally Adjusted CPI

• Consumer Price Index (CPI)

• Retail Price Index (RPI)

Refers the annual rate of change or the year-on-year change of the CPI expressed in percent and interpreted in terms of declining purchasing power of money

• Retail Price Index (RPI)

• Core Inflation

• Headline Inflation

• Inflation Rate

Refers to the detailed description of the commodity such as brand, packaging, size and unit of measure or other characteristics that will best describe the product/commodity and are important in the determination of prices

• Commodity Specifications

• Sample Outlets

• Unit of Measure

• Markets

A term that is generally used to describe any extreme value in a set of survey data. In a CPI context, it is used for an extreme value of price or price relative that requires further investigation or that has been verified as being correct

• Mean

• Outlier

• Median

• Range

Rice kernel from which the hull, the germ, the outer bran layers and the greater part of the inner bran layers have been removed, but parts of the lengthwise streaks of the bran layers shall be less than 20% of the kernels

• Special Rice

• Regular Milled

• Well Milled

• Rice

USES OF THE CPI

• Measure of general inflation

• Computing Purchasing Power of the Peso

• Setting wages and non-wage benefits

• All of the above

The outlet to be chosen should be an established store or stall in the market area. It should not be an ambulant or transient vendor

• Completeness of stock

• Geographical location

• Permanency of outlet

• All of the above

_________ are collected every beginning of school year or semester (June or July, August or September, October or November, and January or February as the case may be).