The federal economy minister is expected to approve a proposal to adapt the basket of products that are used to calculate the consumer price index (CPI), which determines the rate of inflation.
A body known as the Index Commission, made up of academics, employers and union representatives, regularly reviews the basket of products – now numbering in the hundreds – which are considered important enough to the daily lives of people to give an accurate picture of the cost of living. The Commission also helps calculate the Health Index, which largely parallels the CPI, but which omits products that are detrimental to health, including cigarettes and alcohol.
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