echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > How does buying a pound of pork affect CPI?

    How does buying a pound of pork affect CPI?

    • Last Update: 2021-06-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The Sichuan Survey Team of the National Bureau of Statistics released data on April 12.
    In March, the consumer price of Sichuan fell by 0.
    5% month-on-month, pork prices fell by 12.
    3% month-on-month, and Sichuan pork returned to the "10 yuan +" era
    .

    How is "0.
    5% decrease from the previous quarter" calculated? If you buy a pound of pork at the vegetable market, will it affect the CPI? On April 15th, the reporter walked into the farmer's market together with the price collectors of the Consumer Price Investigation Division of the Chengdu Investigation Team of the National Bureau of Statistics to reveal how consumer price data was collected and how the consumer price index was born
    .

    Collect prices of 130 agricultural products at once

    Consumer prices, as the name suggests, refer to the prices of goods and services purchased by urban and rural residents and used for daily consumption
    .


    The consumer price index (CPI) aims to reflect the trend and degree of changes in the price levels of goods and services consumed by residents in a certain period of time


    As a frequent visitor to the Daxue Road Indoor Farmer’s Market, "Every 5 Every 0" (Note: The ending with 5 and 0, such as the 5th, 10th, 15th, 20th, 25th, 30th of each month), national statistics Yang Yunguang, a price picker from the Consumer Price Investigation Division of the Chengdu Investigation Team, will appear in the farmer’s market on time
    .


    On that day, his task was to "walk around" the market and collect price data on 130 kinds of agricultural products.


    How to collect? "How much is the apple today? How much is the pineapple?" When he walked into the market, Yang Yunguang asked each stall carefully.
    As more and more stalls walked, the price list in Yang Yunguang's hand was gradually filled
    .


    According to Yang Yunguang, it is necessary to walk through all the stalls, collect the prices of 130 kinds of agricultural products on the table, and record the types and prices


    How to ensure that the price is true? Yang Yunguang told reporters that he has collected prices at the Daxuelu Indoor Farmers Market for more than ten years and has established trust with merchants.
    Some merchants who do not cooperate with price collection will be excluded from the scope of price collection.
    At the same time, he will also base on listed prices and on-site prices.
    To judge the transaction situation, and consider the possibility of consumers' "bargaining"
    .

    The selection of survey points has these particulars

    Why choose Daehanglu Indoor Farmers Market? Li Chuanjun, director of the Consumer Price Investigation Division of the Sichuan Investigation Corps of the National Bureau of Statistics, introduced the background of the collection
    .


    "'Every 5 and 0'is our purchase day.


    “Agricultural product prices are closely related to everyone’s lives.
    In addition, we also need to collect service industry prices, industrial product prices, etc.
    , covering air tickets, hotels, precious metals, etc.
    , with a total of 268 basic categories in eight categories
    .


    The price is entered into the collector.


    According to Li Chuanjun, there are close to 100 farmer's markets like the Daxuelu Indoor Farmer's Market in the province
    .


    From Sichuan Province, Chengdu also has the most survey points


    Individual errors do not affect accuracy

    Some people may ask, "The price of pork has been cut, why can't I feel it?" Kang Hui, a third-level investigator of the Sichuan Investigation Team of the National Bureau of Statistics, told reporters that the gap between CPI data and everyone's psychological feelings is caused by multiple reasons
    .

    "First of all, what we collect in the market is the mode price.
    The purpose is to remove the extreme value and reflect the consumer price of most consumers.
    The collected price is the most frequently purchased but not the same as everyone’s purchase price.

    Secondly, there are hundreds of farmers’ markets in Chengdu, but we have not collected prices in all of the farmers’ markets.


    If you don’t consume at the farmers’ markets where we collect data, you will have different price perceptions


    According to Kang Hui, the collection of consumer prices also takes into account unexpected circumstances
    .


    "The range of consumer price collection is wide enough, and price data is large enough.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.