Consumer Price Index

Consumer Price Index is just as important: NSO

Despite its significance and many uses, the Price Statistics Division of NSO is not adequately funded and more often than not, the division and its mother agency, NSO, are left to produce quarterly CPI reports with limited resources.

Financial constraint is every government agency’s enemy.

While many may argue that financial constraint related challenges are not a new story, the determination of producing CPI reports quarterly to compensate for the 12 lost years is nothing short of a challenge.

NSO to decentralize data collection

Driving this initiative forward, NSO is developing training programs and as such, a price statistics refresher workshop is currently underway in Lae, Morobe Province, for its 22 price collectors from the 22 provinces.

Consumer Price Index is fundamental as it indicates the purchasing power of the Kina.

It is used to formulate policies and aids the government to make informed decisions that affect the lives of people.