Consumer Prices Index and Recoverable amount: Difference between pages

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imported>Doug Williamson
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(CPI).
''Financial reporting - impairment''


1.  
The higher of fair value less costs of disposal and value in use.


The Consumer Prices Index is a leading 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 CPI replaced the Retail Prices Index (RPI) for a number of purposes as a primary measure of inflation in the UK.
== See also ==
 
* [[Carrying value]]
Previously known as the Harmonised Index of Consumer Prices (HICP).
* [[Fair value]]
 
* [[IAS 36]]
 
* [[Impairment]]
2.
* [[Value in use]]
 
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.
 
 
 
==See also==
 
* [[Cost of living adjustment]]
* [[CPIH]]
* [[Harmonised index of consumer prices]]
* [[Index numbers]]
* [[Inflation]]
* [[Output price index]]
* [[Producer Price Index]]
* [[Retail Prices Index]]
* [[Services Producer Price Index]]
* [[Treasury inflation-indexed securities]]

Revision as of 17:16, 30 July 2020

Financial reporting - impairment

The higher of fair value less costs of disposal and value in use.


See also