How is Inflation Data Generated?

How is Inflation Data Generated?

Every month the Central Statistics Agency (BPS) releases data on the development of prices of goods and services in a certain time period or also known as inflation data.

Inflation data is generated using a standardized methodology and through a tiered process, starting from data collection in the field, processing, to being released through the Official Statistics News every month.

How is the process? Watch the explanation in the following video.

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