Calculation methodology of CPI in Azerbaijan Republic- positive and negative sides
Consumer Price Index is one of the main indicators which are used in government’s economic and social policy. At economic policy CPI is mostly used for determination of main direction of monetary policy and price forecasting process as well. At social sphere CPI is widely used for determination of living standard of population. It is included in the main indicators group which characterizes living standard of population. Thus CPI characterizes general price change level of population’s acquired goods and services for non-production consumption purpose in definite time period. It gives opportunity to average different price changes for goods and services.