Passenger Air Services Price Index (PASPI)

Price of passenger air services of economy, index

Price of Passenger Air Services refers to the prices for base air fares of which we can measure the changes, using an index, to provide indications of the overall trend of domestic and international fares over time. The index relates to the operations of major Canadian air carriers.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Index using the value of a base year made equal to 100