the inclusion of mobile phones in the jamaican cpi l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI PowerPoint Presentation
Download Presentation
THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI

Loading in 2 Seconds...

play fullscreen
1 / 11

THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI - PowerPoint PPT Presentation


  • 254 Views
  • Uploaded on

THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI OVERVIEW Jamaica Mobile Phones in Jamaica A new era in Telecommunications The Old Series based on HES 1984 The New Series based on HES 2004-2005 Experience of Pricing and Compiling the Index The Treatment of Mobile Phones JAMAICA

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI' - Audrey


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
the inclusion of mobile phones in the jamaican cpi

THE INCLUSION OF MOBILE PHONES IN THE JAMAICAN CPI

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

overview
OVERVIEW
  • Jamaica
  • Mobile Phones in Jamaica
  • A new era in Telecommunications
  • The Old Series based on HES 1984
  • The New Series based on HES 2004-2005
  • Experience of Pricing and Compiling the Index
  • The Treatment of Mobile Phones

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

jamaica
JAMAICA

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

mobile phones in jamaica
Mobile Phones in Jamaica
  • Over 1 million subscribers for mobile phones in Jamaica which has a population of approx. 2.6 million
  • Government policy implemented in 2000 changed the face of telecommunications in Jamaica.
  • In April of 2001, an Irish telecommunications company Digicel entered the telecommunications market

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

the dawn of a new era in telecommunications
The dawn of a new era in Telecommunications
  • Digicel offered both postpaid and prepaid services
  • Cable and Wireless house phone was considerably cheaper than a mobile phone but the latter was preferred.
  • Until December 2006 when the CPI basket was revised mobile phones were not a part of the CPI basket

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

old series hes 1984
Old Series (HES 1984)
  • ‘Communication’ referred to land lines in the Old Series because when the HES was conducted in 1984 that was the only telephone service that was available.
  • The telephone instrument was not included as an item because that was rented to the customer as a part of the service.

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

new series hes 04 05
New Series (HES 04/05)
  • Expenditure on mobile phones has become a significant consumption item of the Jamaican Households.
  • Now they are major expenditure items in the COICOP Classes – “Telephone and Telefax Equipment” and “Telephone and TelefaxServices”.
  • The ‘Communication’ division which previously had a weight of 0.5 per cent in the CPI basket is now 4.0 per cent.

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

slide8
Table : Consumer Price Index Weight Distribution for the Division Communication: 2004/2005 versus 1984 (Low/Middle Income Households)

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

experience to date with pricing and compiling indexes for mobile phones
Experience to date with pricing and compiling indexes for mobile phones
  • Like personal computers the technology for mobile phones changes with some frequency.
  • This makes it difficult for the pricing of the same instrument each month.
  • The task of collecting data for mobile phones is certainly not as daunting as it appears on the surface.
  • By consistently liaising with the service providers who also sell the instruments a great deal of information can be obtained.
  • In addition, the CPI compiler has to keep abreast of the developments in the telecommunications market as the specification for these items is constantly changing.

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

treatment of mobile phones
Treatment of mobile phones
  • The Matched Model method is applied in the quality adjustment for mobile phones.
  • This method is seen to be the most appropriate for mobile phones and also requires the monitoring of changes in the availability of phones on the market and patterns of consumption.
  • This technique also allows for the collection of information on the instruments that are entering the market and those that are being phased out.
  • This ensures that as the instrument becomes unavailable in the market substitution can be made.
  • The model of the phone used last month may not be available this month so a substitution is made to the most comparable model.
  • In some instances, this means that the previous month’s price for the new model (which was not used in the previous month’s index calculation) will be collected and used to determine the current month’s index.
  • The matched model method ensures that the price change for each observation represents products of similar quality.
  • The difference in prices between the old model and the new model is treated as a quality difference when the index is calculated.

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica

thank you
THANK YOU

Presented By: Andrelene S. Royal - Statistical Institute of Jamaica