Guyana
Official title
Urban Consumer Price Index.
Scope
The index is compiled monthly and relates to Georgetown, New
Amsterdam and Linden.
Official base
1970 = 100.
Source of weights
The weights and selected items were derived from a household expenditure
survey conducted during 1969-70.
Weights and composition
| Major groups
| Number of items
| Weights
| Approximate number of price quotations
|
| Food and tobacco
| 86 | 42.5 | ...
|
| Clothing and footwear
| 56 | 8.6 | ...
|
| Housing:
|
| Fuel and light
| 5 | 5.2 | ...
|
| Rent and water charges
| 5 | 21.4 | ...
|
| Furniture, furnishings, household goods and services
| 7 | 2.9 | ...
|
| Miscellaneous:
|
| Personal and medical care
| 21 | 7.2 | ...
|
| Education and recreation
| 15 | 6.4 | ...
|
| Transport and communication
| 8 | 4.8 | ...
|
| Other expenses
| 2 | 1.0 | ...
|
| Total
| 205 | 100.0 | ...
|
Household consumption expenditure
Not available.
Method of data collection
Prices for most items are collected around the 15th of each month
from about 200 retail outlets, market stalls and service
establishments in Georgetown, New Amsterdam and Linden. Prices
for certain food items such as fresh fish, fruits and vegetables
are ascertained each week.
Housing
Not available.
Specification of varieties
Not available.
Substitution, quality change, etc.
Not available.
Seasonal items
Not available.
Computation
The index is computed according to the Laspeyres formula as a weighted
arithmetic average with fixed base, using weights corresponding to the
base period.
Organisation and publication
The index is compiled by the Ministry of Economic Development,
Statistical Bureau (Georgetown).
Government Georgetown: Official Gazette
.
Idem: Household Consumer Expenditure Survey, 1969-1970,
Part I
(Georgetown).