Consumer Price Indices Rebasing Report March 2020

Abstract

Every month KNBS conducts a retail price survey whose results are used incompilation of Consumer Price Indices and Rates of Inflation. The CPI continues to be a key statistic with a number of uses both at the national and international level.In this regard, the index is used as an indicator of macroeconomic performance, a determinant in the supplier/debtor price variations, a determinant in theemployer/employee wage negotiations, a determinant in indexation of pension benefits etc. All these uses have to do with the value of money. Hence it isimperative that the Bureau continues to collect prices, compile and disseminate the CPI with a high level of accuracy so as to remain a credible source of this importantstatistic