Consumer Prices Index and General Agreement on Tariffs and Trade: Difference between pages

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imported>Doug Williamson
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(Create page - source - WTO - https://www.wto.org/english/docs_e/legal_e/gatt47_01_e.htm)
 
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''Inflation measures.''
''International trade - free trade - tariffs.''


(CPI).
(GATT).


1. ''UK.''
The General Agreement on Tariffs and Trade is a 1947 trade treaty designed to promote international trade by reducing or eliminating trade tariffs and quotas.
 
The Consumer Prices Index is a measure of inflation in the UK, calculated as the change from month to month in the prices of a standard basket of consumer goods and services.
 
The UK's official measure of inflation index is the Consumer Prices Index including owner occupier's housing costs (CPIH). The CPIH is comprised of the CPI plus a measure of the costs associated with owner occupiers' housing (OOH).
 
 
The UK CPI replaced the Retail Prices Index (RPI).
 
The UK CPI was previously known as the Harmonised Index of Consumer Prices (HICP).
 
 
2. ''USA.''
 
The Consumer Price Index is one of the leading inflation indices used in the US.
 
Its uses include the limited indexation of certain US pensions.
 
 
3.
 
More generally, a consumer prices index is a statistical estimate constructed using the prices of a defined sample of representative consumer items, such as goods and services, whose prices are collected periodically. 
 
The index is compared to a base period to give an estimate of periodic inflation rates.


It was incorporated into the World Trade Organization (WTO) in 1995.




==See also==
==See also==
*[[European Free Trade Association]]
*[[Free trade]]
*[[International trade]]
*[[Quota]]
*[[Tariff]]
*[[Trade Facilitation Agreement]]
*[[Trade finance]]
*[[Trade war]]
*[[World Trade Organization]]  (WTO)
*[[WTO rules]]


* [[Cost of living adjustment]]
* [[CPIH]]
* [[Harmonised index of consumer prices]]
* [[Index numbers]]
* [[Inflation]]
* [[Inflation target]]
* [[Office for National Statistics]]  (ONS)
* [[Output price index]]
* [[Producer Price Index]]
* [[Retail Prices Index]]
* [[Services Producer Price Index]]
* [[Treasury inflation-indexed securities]]


==External link==
*[https://www.wto.org/english/thewto_e/thewto_e.htm The World Trade Organization (WTO) - about us]


==External link==
[[Category:Accounting,_tax_and_regulation]]
*[https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/previousReleases UK consumer price inflation - Office for National Statistics]
[[Category:The_business_context]]


[[Category:Knowledge_and_information_management]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Latest revision as of 19:06, 11 October 2023

International trade - free trade - tariffs.

(GATT).

The General Agreement on Tariffs and Trade is a 1947 trade treaty designed to promote international trade by reducing or eliminating trade tariffs and quotas.

It was incorporated into the World Trade Organization (WTO) in 1995.


See also


External link