Central Data Catalog

Citation Information

Type Conference Paper - 9th National Convention on Statistics (NCS)
Title Understanding and Improving the System of Price Statistics in the Philippines
Publication (Day/Month/Year) 2004
URL http://nap.psa.gov.ph/ncs/9thncs/papers/price_Understanding.pdf
Abstract
The Philippine Statistical System (PSS) collects various price statistics as part of its regular system of data collection. Some of these are the Consumer Price Index, the Producers’ Price Indexes (for manufacturing and for agriculture) and the Wholesale and Retail Price Indexes. These statistics are useful not only in monitoring the general behavior of prices of goods and services in the country but also serve other outputs of the PSS, especially the Philippine System of National Accounts (PSNA) which uses price indexes as deflators to compile macro-economic aggregates in constant prices. The quality of price statistics is therefore an important pre-requisite to the quality of other statistics like the Gross Domestic Product and the Gross National Product. In addition, it is noticed, that many users do not have a clear understanding of what the price indexes really measure. This paper describes some of the more important price statistics being collected by the PSS and presents recommendations on how their compilation and dissemination can be improved.

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