Sunday , January 29 2023

Netflik and Spotifi enter the new IPC: INE updates the product and service basket | Economics



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The National Institute of Statistics (INE) announced that it will update the baskets of goods and services that will allow the CPI to be measured with the elimination of some elements, with the addition of platforms such as Netflik and Spotifi.

"This change in the base year meant updating the basket of goods and services of the CPI – using the VIII Family Budget Survey (EPF) as the primary source – to reflect the way in which consumption habits have changed. The change has also made technical and operational improvements in order to build a more accurate and representative price index in the economy, "said INE.

Among the most relevant changes, the abolition of some products, such as suits or men, land and fertilizers, and legal counseling services. Those who Add Online Subscription Serviceswhich refers to the costs related to the consumption of content through streaming or online, including the above platforms.

Other products within the class or subclass are merged. Compared to the previous system, the number of divisions (12), group (41) and class (88) is maintained, but the number of subclasses decreases (ranges from 137 to 136) and products (from 321 to 303).

"The products that are selected correspond to the most consumed in at least four out of five quintiles of the population, ie in most socioeconomic layers. To the above, the minimum and operational criteria are added, "they explain.

Changes will be reflected from February 8, 2019, when the delivery of the January CPI corresponds.

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