Definition: Consumption

Consumer Price Index

There are several types of consumption:

- intermediate consumption consists of the goods and services used by enterprises as inputs into their processes of production; it is excluded from CPIs;
- collective consumption consists mainly of the collective services provided by governments to the community as a whole; it is excluded from CPIs;
- final individual consumption consists of goods and services that individual households may acquire in order to satisfy their own needs and wants.
Source:
International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Statistical Office of the European Communities (Eurostat), United Nations (UNECE), The World Bank, Consumer Price Index Manual: Theory and Practice, Geneva, August 2004
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