Definition: Consumption of own production

Consumer Price Index

Goods or services that are consumed by the same household that produces them. The housing services consumed by owner-occupiers fall within this category. If goods and services produced and consumed within the same household are to be included in CPIs, prices must be imputed for them. Their inclusion or exclusion depends on the intended scope of the CPI.

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

Created:
2008-05-21

Updated:
2019-05-10