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Expert Group Meeting on Price Statistics and National Accounts: ICP Round 2011 Jointly organized by: UN-ECLAC, CARICOM, CARTAC and ECCB 3rd-6th December.

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Presentation on theme: "Expert Group Meeting on Price Statistics and National Accounts: ICP Round 2011 Jointly organized by: UN-ECLAC, CARICOM, CARTAC and ECCB 3rd-6th December."— Presentation transcript:

1 Expert Group Meeting on Price Statistics and National Accounts: ICP Round 2011 Jointly organized by: UN-ECLAC, CARICOM, CARTAC and ECCB 3rd-6th December 2012 Santiago de Chile

2 Summary 1. Fruits and Vegetables 2. Roll 3. Veal Chops 4. Veal breast with bones 5. Zipper 6. Belt 7. Electricity 8. Water 9. Domestic Services 10. Tiles 11. Rugs 12. Vinyl 13. Carpet 14. Refrigerators 15. Washing machine 16. Water Glass 17. Laundry 18. Upholstery 19. Drill 20. Pharmaceutical 21. Medical Services 22. Physiotherapy

3 23. Brake and clutch repair 24. Air fares 25. Postal services 26. Post Paid telephone service package 27. Calls GMS to GMS 28. Prepaid GMS card 29. International Newspaper 30. Film processing and photo print normal Keyboard 32. Roses 33. Hotels 34. Wedding ring

4 Fruits and Vegetables Fruits must be priced by weight not by unit Usually one kilogram is required by the specification If you have other unit of measurement of weight please check that you have entered the correct “observed” unit of measurement. ICP KIT will convert it into kilograms There is NO conversion between “one unit” and a unit of weight

5 Roll Unit of measurement 80 grams Machine- or hand-made rolls 100% wheat (white flour) Artisan rolls (high stratum) Weight for One piece

6 Veal Chops Unit of measurement 1 Kilogram Origin: Young animal whose source of nutrition is mother's milk Fat content: Regular ( %) Fresh, refrigerated, not frozen Cut: Regular Chops

7 Veal breast with bones Unit of measurement 1 Kilogram Origin: Young animal whose source of nutrition is mother's milk Fat content: Regular ( %) Cut: Breast Fresh or chilled, (not frozen)

8 Zipper The specification requires a zipper of 20 cm. You must respect the length The unit of measurement is centimeters You must not use “unit” as unit of measurement You can use other ways of expressing lengths. ICP KIT will convert it to cm

9 Men’s Belt The unit of measurement is “one piece” The length is cm The width us cm Simple, single-layer leather No brand is specified

10 Electricity Different countries have used any of this two strategies Strategy 1: ask the electricity company to price the amount of Watts required by the specifications (600, 1200 and 2500) without asking is this was the “representative” amount of watts to be consumed in one month. Strategy 2: Use the table distributed in Aruba where each country was supposed to say how many months it takes to consume for instance 600 watts and make the calculations. This is will be discussed now. Jamaica has provided some material for discussion

11 Water Unit of measurement 1 cubit meter We need to inform the price of 1 cubic meter when total consumption is 15 cubic meters We can calculate the price for 15 cubic meters and divide by 15, or enter the price of the total and the “observed quantity” as 15 cubic meters Monthly cost of the meter, all charges and taxes With and without sewerage depending on the product code

12 Domestic Services Domestic Servant : unit of measurement is 1 hour (for a person who works 3 to 5 days a week, 4 hours per day). Sleep in servant: unit of measurement is 1 month (for a person who works 6 days per week). Baby sitting: unit of measurement is 1 hour (for a person who works 5 hours, taking care of one baby of 3 to 5 years)

13 Tiles The specifications asks for the price of one square meter of tiles Dimensions: Length of a tile: cm; width: cm Example: if you have tiles of 15 cm x 15 cm, each tile has a surface of 225 squared centimeters or squared meters. You need approximately 44 tiles to cover one squared meter. You have to give the price of 44 tiles. One color Industrial production, ceramic type

14 Rugs The unit of measurement is one square meter. There are two options: Option 1: Ask the price for exactly one square meter and enter it into the ICP KIT Option 2: Price a Rug of other dimensions and in “observed quantity” and “observed unit of measurement” enter the surface of this product so that the ICP KIT can convert it to one square meter If you find a rug of dimensions 2 m x 3 m it has a surface of 6 m, you can entered the price your have collected and the “observed quantity” as 6 not as 1. The other option is to divide the price by 6 and enter 1 in “observed quantity” The rug must be of popular or low stratum brand

15 Vinyl The unit of measurement is one square meter. There are two options: Option 1: Ask the price for exactly one square meter and enter it into the ICP KIT Option 2: Price a Rug of other dimensions and in “observed quantity” and “observed unit of measurement” enter the surface of this product so that the ICP KIT can convert it to one square meter

16 Carpet The unit of measurement is one square meter. There are two options: Option 1: Ask the price for exactly one square meter and enter it into the ICP KIT Option 2: Price a Rug of other dimensions and in “observed quantity” and “observed unit of measurement” enter the surface of this product so that the ICP KIT can convert it to one square meter Brand: Medium - Well known

17 Refrigerators Some countries could not find the refrigerators with the capacity described in the specifications. They usually find larger ones Capacities are usually measured in cubic feet The refrigeratos asked in the specifications are the following Refrigerator-freezer, Liters (7.42 – 8.65 cubic feet) Refrigerator-freezer, low, Liters (5.83 – 6.71 cubic feet) Refrigerator with Freezer Compartment (3.18 to 3.71 cubic feet) This issue will be discussed now

18 Washing Machine In some countries the washing machines are larger than the one specified in the Caribbean list (6.5 to 8 kg) They could find the “top loader” for 11 – 15 kilogram load. This issue will be discussed now

19 Water Glass The specification requires to price one glass Unit of measurement is “one piece” If you have priced a pack of 6 glasses you must: Option 1: enter as “observed quantity” 6 Option 2: divide the price by 6 and enter 1 as “observed quatity”

20 Laundry The specification is asking how much does it cost to wash 1 kilogram of clothes (pressing requirement has been relaxed) If the machine has a capacity of 5 kg, you can enter the observed quantity as 5. Discussion: can it be self service?

21 Upholstery Unit of measurement is “one service” Price for labor only. Exclude cost of material Upholstery of sofa in classical style, three seats It is only ONE sofa with 3 seats Size of sofa 50 x 177 cm

22 Drills There are two drills to be priced: Electric drill ( Watts) Bosch electric drill (550 W) Remember that when a brand is specified, you have to price that particular brand. In this case, if you do not find a Bosch drill, you do not price that product and try to price the other drill

23 Pharmaceuticals You must respect the specification, in particular The active component (dosage) The Laboratory Whether it is generic or non generic You cannot price one tablet and multiply by the number of tablets required. You have to find a box which has the number of tablets as close as possible to the specification

24 Medical Services In one country we found that the cost that is charged for a service that is provided by a medical provider differs if you have or don't have insurance. Remember we need the price of a consultation paid with out of pocket money Specify stratum of clinic Discussion

25 Physiotherapy Unit of measurement is “one service” Ten Sessions of 30 minutes after knee surgery. Subsequent visit (From second visit on; do not price first visit)

26 Brake and clutch repair Clutch: Unit of measurement “one service” Type of charging: Labor charges only/charge for total time; observations: Indicate model of car Outlet type: General mechanic - Not licensed, not dealer garage Car Type: Compact Five Seats - Peugeot 205; Toyota Corolla Compact or equivalent types and models Brake: Unit of measurement “one service” Type of charging: Labor charges only/charge for total time General mechanic - Not licensed, not dealer garage Replacement of brake disc; on 2 wheels

27 Air fares Flights with ONE stop will be accepted tickets sold in a travel agency will be accepted Amount of hours will be flexible (interval +/- one hour) Reservation date 10 September to fly on 15th October 2012 (for all kind of trips) (was respected???) Comment from a country: The information that we received from the travel agency is that based on the specs. that is given by the ICP the fares that meet these are considered bargain fares and therefore these are the prices that we collected. Discussion

28 Postal Services Postage of a simple letter of 20 grams Exclude couriers such as DHL, Fedex, UPS Exclude express delivery Unit of measurement is 1 service The parcel is of 2 kgs

29 Post Paid telephone service package Unit of measurement: 1 month Price includes all monthly fees for specified package - Price excludes matriculation fees, international calls - Specify providers name and monthly total usage Exclude: Contracts providing a mobile phone and related equipment Line contract: Post-paid package, national service (calls + SMS) - Length of contract: months Services: Post-paid package, minutes and SMS included (closest to 1000 min. calling time and closest to 300 pieces)

30 Calls GMS to GMS Call from a GSM mobile phone to a GSM mobile phone (between two biggest providers) Unit of measurement is 5 minutes, this means that we are pricing a call which lasts 5 minutes If you have the price for 1 minute you have to multiply by 5 if it is a flat rate.

31 Pre paid GMS card Call from a GSM mobile phone to a GSM mobile phone (between same biggest provider) - prepaid card- the cost of about 10 minutes The unit of measurement if 10 Minutes. If you have the price for one minute you have to multiply by 10.

32 International Newspaper Unit of measurement: 1 Copy Brand: The Economist Price at News Stand

33 Film processing and photo print normal 36 Unit of measurement: 1 service Service: Developing and printing of a film whether matte or gloss finish (36 prints) Dimensions: Prints: Approximately 10 x 15 cm; Film size: 35 mm Exclude free film; double copies offer - Fast Service One to four hour normal service Exclude express service

34 Keyboard Unit of measurement: one piece Brand: Yamaha Model: DGX-530 / DGX 630 Features: 76 piano-sized keys; USB interface Bahamas has the following question : “The two items we collected are Yamaha E323, and PSR 223. This is is highlighted in the Quaranta tables but its uncertain if this is a newer model”.

35 Roses Unit of measurement is 12 units The price of 12 is required, if you have the price of 0ne multiply it by 12

36 Hotels Check if it is a chain or not City is relaxed Date October 17th (ask the best price 15 days aprox. before). Include the price in the Q This issue will now be discussed

37 Wedding Ring Unit of measurement is 1 GRAM 14 Karat Gold (585/1000) Plain wedding band - Inside and outside almost straight, smooth Specify brand, shop - Weight between g If you have priced one UNIT (one ring) you have to know the weight and divide the price by the weight to get the price for 1 gram

38 38 THANK YOU


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