Methodology on Cost of Living, Wages and Purchasing Power for Ordinary Residents

Abstract

The following sections are included:IntroductionData SourcesAssumptions MadeConstructing the Cost of Living Index and Ranking for Ordinary ResidentsComponents of Adjustment Factors: Inflation Rates, Nominal Expenditure per Capita and Real Expenditure per CapitaComputation of Cost of Living Index and Ranking for Ordinary ResidentsConstructing the 10 ACI Consumption Categories Indices and Rankings for Ordinary ResidentsConstructing the Wages Index and Ranking for Ordinary ResidentsGross Average Nominal Monthly WagesMean Weekly Hours Actually WorkedComputation of Wages Index and Ranking for Ordinary ResidentsConstructing the Purchasing Power Index and Ranking for Ordinary ResidentsReferences