Sri Lanka - Weekly Retail Prices - 2010

Start	End	Cycle
2010-01-01	2010-12-31	N/A

Face-to-face [f2f]
Collecting Centers & Procedure of Price Information

Collecting Centers are 14 markets covering the city of Colombo and other suburban areas in the Colombo District. They are,Pettah, Maradana, Wellawatta, Borella, Dematagoda, Grandpass, Kirulapone, Dehiwala, Kotte, Nugegoda, Kolonnawa, Ratmalana, Kiribathgoda & Wattala

In order to estimate prices for the purpose of computing the index, 03 groups of 05 officers each, four of whom are well trained in price collection, collect prices for two weeks at the rate of 2 days per week and again for two weeks at the rate of 3 days per week thus the total being 10 working days within a month under the supervision of a statistician.

In this connection, information on required goods and services is collected continuously from selected outlets according to the exact specifications. The price collecting officers as a practice purchase by themselves some specified items whose prices are liable to change frequently. The prices of other specified items are collected by them by inquiring from the outlets the same way as a customer does.

Whenever a specific item cannot be found in the market, substitutes available under the same specifications are selected. Based on prices of respective goods and services thus collected, the monthly average price is computed.

Name	Abbreviation	Affiliation
Prices and Wages Division		Department of Census and Statistics

Prices are collected from retail outlets under the supervision of a statistician.