Rebasing the Corporate Goods Price Index to the Base Year 2010
Research and Statistics Department
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Research and Statistics Department: Bank of Japan
No 2012-07-04, Bank of Japan Research Papers from Bank of Japan
Abstract:
The Corporate Goods Price Index has been rebased and the base year of the index has been updated from 2005 to 2010. The rebasing, which is conducted once every 5 years, consists of the following revisions: (1) updating the base year; (2) updating the weights assigned to commodities and groups; (3) amending commodities (e.g., by adding new commodities and consolidating, deleting and splitting existing commodity groups); and (4) improving methods for the conduct of price surveys and index compilation. This article presents an overview of the results of this rebasing.
Date: 2012-07-04
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