Albania. A: Identification. B: CPI Coverage. Title of the CPI: Consumer Price Index. Organisation responsible: Institute of Statistics

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1 Albana A: Idenfcaon Tle of he CPI: Consumer Prce Index Organsaon responsble: Insue of Sascs Perodcy: Monhly Prce reference perod: December year 1 = 100 Index reference perod: December 2007 = 100 Weghs reference perod: 2007 Man uses of CPI: Indexaon of wages, pensons and/or socal secury paymen, ndexaon of rens, conracs and/or oher paymens, man nflaon ndcaor used for moneary polcy, deflae household expendures n naonal accouns, macroeconomc modellng and oher analyc uses. B: CPI Coverage Geographcal Coverage Weghs: Naon-wde Prce collecon: Urban areas Populaon coverage: Resden households of naonals. Populaon groups excluded: Insuonal households. Consumpon expendure ncludes: Foods produced for own fnal consumpon; Oher goods produced for own fnal consumpon; Servces produced for own fnal consumpon; Income n-knd receps of goods; Income n-knd receps of servces; In-knd goods receved as gfs; In-knd servces receved as gfs; Housng manenance, mnor repars; Major repars, conversons and exensons o owner occuped housng; Purchase of gfs of goods and servces gven o ohers ousde he household; Luxury goods; Fnancal servces (ncludng fees for fnancal advce, brokerage fees); Ineres paymens (excludng morgage neres paymens); Non-lfe nsurance premums (e.g. vehcle, housng, oher propery, medcal), gross of clams; Lfe nsurance premums; Lcences and fees (e.g. drver s lcence, hunng lcence, vehcle regsraon) Consumpon expendure excludes:

2 Food consumed away from home; Purchase of owner-occuped housng; Morgage repaymens; Morgage neres; Gamblng expendure, gross of wnnngs; Invesmen-relaed expendures (e.g. purchase of shares/socks); Occupaonal expendures; Oher busness-relaed expendures; Socal ransfers n-knd of goods and servces from governmen and No-prof nsuons servng households; Second hand goods purchased; Expendures abroad C: Conceps, defnons, classfcaons and weghs Defnon of he CPI and s objecves: The Consumer Prce Index (CPI) measures he change of he prces of a fxed baske of goods and servces from base perod o he curren perod. The consumer prce ndex s used for dfferen purposes: as a measuremen of nflaon rae n Albana, as a deflaor for he naonal accouns, as a deflaor for calculaons of volume ndces, for compensaon of change n he cos of lvng of households, as a base for wage negoaons and oher agreemen and as a arge varable for macro-economc polcy, especally for moneary polcy of he cenral bank of Albana. Classfcaon: COICOP (Classfcaon of ndvdual consumpon by purpose) Sources of weghs: Household expendure surveys. Frequency of wegh updaes: Every 3-5 years Prce updang of wegh reference perod o he ndex reference perod: Yes Weghs for dfferen populaon groups or regons: No D: Sample desgn Samplng mehods: Locales: Judgmenal samplng Oules: Judgmenal samplng Producs: Judgmenal samplng Frequency of sample updaes: Locales: A he me of updang he weghs and he baske of goods and servces. Oules: Annual

3 Producs: A he me of updang he weghs and he baske of goods and servces. E: Daa Collecon Approxmae number of locales, oules and prce observaons: Locales: 11, Oules: 500, Prce observaons: 18,000 Frequency wh whch prces are colleced: Food and ohers ems - monhly; ren quarerly; governmen arffs- yearly. Reference perod for daa collecon: Specfc dae Mehods of Prce Collecon - Personal daa collecon for all ems. - Offcal arffs for governmen prces. Treamen of: Dscouns and sales prces: They are used n he calculaon of he ndex. Black marke prces: No colleced. Second hand purchases: No ncluded. Treamen of seasonal ems and seasonaly Seasonal food ems: Seasonal food ems are ncluded n he CPI usng fxed weghs approach: he weghs are kep consan over he year, whle prces of ou-of season producs are esmaed or mpued. Seasonal Clohng: Seasonal clohng ems are ncluded n he CPI usng fxed weghs approach: he weghs are kep consan over he year, whle prces of ou-of season producs are esmaed or mpued. Mehod o mpue he prce of seasonal ems: The mehod used o mpue prce developmen n ou-of season perods s carryng forward he las observed prce. Treamen of housng Treamen of owner-occuped housng: Owner occuped housng s no ncluded n he CPI Types of dwellngs covered by he ren daa: Aparmen wh furnure, ren daa s colleced quarerly. F: Compuaon

4 Formula used for calculaon of elemenary ndces: The rao of geomerc mean prces (Jevons ndex) (Chaned form) Formula o aggregae elemenary ndces o hgher level ndces: The regonal CPI s calculaed (bu s no publshed). RCPI PR,, 0 rj * 0 j Formula of aggregang regonal/populaon group ndces no naonal ndex: To calculae he naonal CPI he prce relaves are aggregaed geographcally o form produc ndces on ems for whole Albana: I 0, rj PR0, j where r j 1 : (for all cases) j Aggregaon over ems hen gves he naonal CPI of Albana: CPI 0 w. I 0, where w 1 Monhly and annual average prces: Average prces are calculaed monhly. Seasonally adjused ndces: No Sofware used for calculang he CPI: Mcrosof Excel G: Edng and valdaon procedures H: Documenaon and dssemnaon Tmelness of dssemnaon of he CPI daa: 6 days afer he end of he reference monh. Level of dealed CPI publshed Paper publcaon: All ems CPI, Dvson-level (12 Dvsons), Group-level app. 40 groups, Class-level (100 classes) and Average prces Onlne: All ems CPI, Dvson-level (12 Dvsons), Group-level app. 40 groups, Class-level (100 classes) Resrced Access: All ems CPI, Dvson-level (12 Dvsons), Group-level app. 40 groups, Class-level (100 classes) Separae ndces publshed for specfc populaon groups: No Type of producs for whch average prces are calculaed and dssemnaed: Food produc, gasolne Documenaon j.

5 Publcaons and webses where ndces can be found: Monhly publcaon Consumer Prce Index ; Inerne webse: Publcaons and webses where mehodologcal nformaon can be found: Monhly publcaon Consumer Prce Index ; Inerne webse: I: Oher Informaon Repored by he counry n 2012.

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