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|Title||Revision of the Consumer Price Index based on 2010|
□ The current CPI revision is a regular 5-year revision which aims to reflect recent economic and social changes. Survey items and weights are fully adjusted by introducing established international standards and advanced statistical techniques.
ㅇ Through the current revision, KOSTAT will reduce the gap between indicators and reality of inflation, and improve international comparability.
□ Meanwhile, KOSTAT announced the application of new indices one month ahead of schedule that consider the usefulness of statistics (i.e. real explanatory power of the CPI, its usability as business indicators and associated indices of financial commodities).
※ For more information, refer to the attached file.