Retail Services Price Index (RSPI)

Price of retail services of economy, weight

Price of Retail Services refers the price of retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. These price data are combined and the component indexes chained to form a price index.

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:

  • Percentage
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