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Monday 8 August 2011

Daily CPI - South Africa

Daily CPI - South Africa

The Daily Consumer Price Index is a lagged daily interpolation of the Consumer Price Index. Daily CPI Formula.

Unit of account: Rand

CPI 2008 = 100

CPI Aug 2011 118.30 Published on 21-09-11


18-Out-2011 118,570
17-Out-2011 118,563
16-Out-2011 118,556
15-Out-2011 118,550
14-Out-2011 118,543
13-Out-2011 118,536
12-Out-2011 118,530
11-Out-2011 118,523
10-Out-2011 118,516
9-Out-2011 118,510
8-Out-2011 118,503
7-Out-2011 118,496
6-Out-2011 118,490
5-Out-2011 118,483
4-Out-2011 118,476
3-Out-2011 118,470
2-Out-2011 118,463
1-Out-2011 118,456
30-Set-2011 118,449
29-Set-2011 118,443
28-Set-2011 118,436
27-Set-2011 118,429
26-Set-2011 118,423
25-Set-2011 118,416
24-Set-2011 118,409
23-Set-2011 118,403
22-Set-2011 118,396
21-Set-2011 118,389
20-Set-2011 118,383
19-Set-2011 118,350
18-Set-2011 118,318
17-Set-2011 118,285
16-Set-2011 118,253
15-Set-2011 118,220
14-Set-2011 118,188
13-Set-2011 118,156
12-Set-2011 118,123
11-Set-2011 118,091
10-Set-2011 118,058
9-Set-2011 118,026
8-Set-2011 117,994
7-Set-2011 117,961
6-Set-2011 117,929
5-Set-2011 117,897
4-Set-2011 117,864
3-Set-2011 117,832
2-Set-2011 117,800
1-Set-2011 117,767
31-Ago-2011 117,735
30-Ago-2011 117,703
29-Ago-2011 117,670
28-Ago-2011 117,638
27-Ago-2011 117,606
26-Ago-2011 117,574
25-Ago-2011 117,541
24-Ago-2011 117,509
23-Ago-2011 117,477
22-Ago-2011 117,456
21-Ago-2011 117,435
20-Ago-2011 117,415
19-Ago-2011 117,394
18-Ago-2011 117,373
17-Ago-2011 117,352
16-Ago-2011 117,332
15-Ago-2011 117,311
14-Ago-2011 117,290
13-Ago-2011 117,269
12-Ago-2011 117,249
11-Ago-2011 117,228
10-Ago-2011 117,207
9-Ago-2011 117,187
8-Ago-2011 117,166
7-Ago-2011 117,145
6-Ago-2011 117,124
5-Ago-2011 117,104
4-Ago-2011 117,083
3-Ago-2011 117,062
2-Ago-2011 117,042
1-Ago-2011 117,021
31-Jul-2011 117,000
30-Jul-2011 116,980
29-Jul-2011 116,959
28-Jul-2011 116,938
27-Jul-2011 116,918
26-Jul-2011 116,897
25-Jul-2011 116,876
24-Jul-2011 116,856
23-Jul-2011 116,835
22-Jul-2011 116,814
21-Jul-2011 116,794
20-Jul-2011 116,773
19-Jul-2011 116,752
18-Jul-2011 116,737
17-Jul-2011 116,721
16-Jul-2011 116,706
15-Jul-2011 116,691
14-Jul-2011 116,675
13-Jul-2011 116,660
12-Jul-2011 116,645
11-Jul-2011 116,629
10-Jul-2011 116,614
9-Jul-2011 116,598
8-Jul-2011 116,583
7-Jul-2011 116,568
6-Jul-2011 116,552
5-Jul-2011 116,537
4-Jul-2011 116,521
3-Jul-2011 116,506
2-Jul-2011 116,491
1-Jul-2011 116,475


Disclaimer: The numbers presented here are accurate to the best knowledge of the author, but no warranty is expressed or implied that they are accurate or appropriate for use in contracts.

Copyright (c) 2005-2011 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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Daily CPI - Portugal

Daily CPI - Portugal

The Daily Consumer Price Index is a lagged daily interpolation of the Consumer Price Index. Daily CPI Formula.

Unit of account: Euro

CPI 2008 = 100

CPI August 2011 103.648  Published on 12.09.2011

12-Out-2011 103,618
11-Out-2011 103,633
10-Out-2011 103,648
9-Out-2011 103,664
8-Out-2011 103,679
7-Out-2011 103,694
6-Out-2011 103,709
5-Out-2011 103,724
4-Out-2011 103,739
3-Out-2011 103,755
2-Out-2011 103,770
1-Out-2011 103,785
30-Set-2011 103,800
29-Set-2011 103,815
28-Set-2011 103,831
27-Set-2011 103,846
26-Set-2011 103,861
25-Set-2011 103,876
24-Set-2011 103,891
23-Set-2011 103,907
22-Set-2011 103,922
21-Set-2011 103,937
20-Set-2011 103,952
19-Set-2011 103,967
18-Set-2011 103,983
17-Set-2011 103,998
16-Set-2011 104,013
15-Set-2011 104,028
14-Set-2011 104,043
13-Set-2011 104,059
12-Set-2011 104,074
11-Set-2011 104,089
10-Set-2011104,092
9-Set-2011104,094
8-Set-2011104,097
7-Set-2011104,099
6-Set-2011104,102
5-Set-2011104,104
4-Set-2011104,107
3-Set-2011104,109
2-Set-2011104,112
1-Set-2011104,114
31-Ago-2011104,117
30-Ago-2011104,119
29-Ago-2011104,122
28-Ago-2011104,124
27-Ago-2011104,127
26-Ago-2011104,129
25-Ago-2011104,132
24-Ago-2011104,134
23-Ago-2011104,137
22-Ago-2011104,139
21-Ago-2011104,142
20-Ago-2011104,144
19-Ago-2011104,147
18-Ago-2011104,150
17-Ago-2011104,152
16-Ago-2011104,155
15-Ago-2011104,157
14-Ago-2011104,160
13-Ago-2011104,162
12-Ago-2011104,165
11-Ago-2011104,167
10-Ago-2011104,170
9-Ago-2011104,172
8-Ago-2011104,180
7-Ago-2011104,188
6-Ago-2011104,196
5-Ago-2011104,203
4-Ago-2011104,211
3-Ago-2011104,219
2-Ago-2011104,227
1-Ago-2011104,235
31-Jul-2011104,242
30-Jul-2011104,250
29-Jul-2011104,258
28-Jul-2011104,266
27-Jul-2011104,274
26-Jul-2011104,281
25-Jul-2011104,289
24-Jul-2011104,297
23-Jul-2011104,305
22-Jul-2011104,313
21-Jul-2011104,320
20-Jul-2011104,328
19-Jul-2011104,336
18-Jul-2011104,344
17-Jul-2011104,352
16-Jul-2011104,359
15-Jul-2011104,367
14-Jul-2011104,375
13-Jul-2011104,383
12-Jul-2011104,391
11-Jul-2011104,399
10-Jul-2011104,406
9-Jul-2011104,408
8-Jul-2011104,410
7-Jul-2011104,412
6-Jul-2011104,413
5-Jul-2011104,415
4-Jul-2011104,417
3-Jul-2011104,419
2-Jul-2011104,420
1-Jul-2011104,422

Disclaimer: The numbers presented here are accurate to the best knowledge of the author, but no warranty is expressed or implied that they are accurate or appropriate for use in contracts.

Copyright (c) 2005-2011 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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Friday 5 August 2011

Fixed in real terms

Fixed in real terms

Updated on 9-8-11

General price level non-monetary indices, e.g. the CPI and Daily Index, are fixed in real terms but have changing nominal values like monetized daily indexed units of account. There is also another unit of account, the UF, which is fixed in real terms. Shiller, p2

What does fixed in real terms mean?

It means the UF´s and the DI´s nominal values are not fixed over time but change daily during inflation, deflation and hyperinflation because money, unstable in real value, is being used as the fixed nominal unit of account in the economy.

So, what then is fixed?

None of the abovementioned three is a permanently fixed index value. The CPI changes monthly. The UF and the DI change daily. The UF and DI are not fixed in nominal value, but, any price or value quoted or measured or accounted in terms of them remains fixed in real terms over time, meaning the price or accounted item´s nominal value changes daily during inflation, deflation and hyperinflation because money unstable in real value is being used the fixed nominal unit of account in the economy.

We say its real value is fixed meaning its nominal value changes daily – because we state all values in money - unstable in real value - which is used as a fixed nominal unit of account for accounting purposes; i.e. its real value changes daily during inflation, deflation and hyperinflation.

What is fixed in real terms is the initial real value of the typical basket of consumer goods on which the CPI is based. The UF and DI are based on their respective CPIs. Their real values are thus also fixed over time meaning their nominal values change daily during inflation, deflation and hyperinflation because unstable money (unstable pesos in the case of Chile) - fixed in nominal value but continuously changing in real value - is being used as the unstable medium of exchange, unstable store of value and unstable unit of account in the economy.

There is no cost of inflation at any level of inflation when there is complete coordination and everyone rejects the stable measuring unit assumption and inflation-adjusts all monetary items in terms of a Daily Index. This requires accounting the daily inflation-indexing of all monetary items in terms of a Daily Index with the total money supply in the banking system. Monetary items are inflation-adjusted daily because there is no stable measuring unit assumption under financial capital maintenance in unit of constant purchasing power during inflation and deflation; i.e. under CIPPA.

There will also be no cost of the stable measuring unit assumption which requires accounting constant items in units of constant purchasing power in terms of a Daily Index and accounting variable items in terms of IFRS with all historical variable items and historical constant items updated in terms of a Daily Index because there is no stable measuring unit assumption under financial capital maintenance in units of constant purchasing power during inflation and deflation (CIPPA).

Under CIPPA each of the three economic items consists of three elements at the date of an event/exchange/transaction/contract: (1) the nominal economic value of the item expressed in terms of unstable money (the legal unstable unit of account fixed in nominal value), (2) the date of the event/exchange/transaction/contract and (3) the nominal index value of the Daily Index on that date which is fixed in real terms. The nominal monetary value of, for example, a constant item changes daily in terms of the Daily Index, but, its real value is maintained constant over time during inflation and deflation under CIPPA. A constant item´s constant real value is not expressed as a constant value under CIPPA because there is no fixed constant real value unit of account available yet.

A single unit of constant real value

Theoretically a global perfectly stable unit of fixed constant real value would be equal to one monetary unit in a world economy in a global monetary union with a single currency under indefinite perfectly sustainable zero inflation.

It is argued that important practical problems in implementing indexation are solved by creating such indexed units of account. The author advocates creating such units in other countries, even countries with relatively low rates of inflation such as the
United States. (Shiller, 1998, P1)

Nicolaas Smith Copyright (c) 2005-2011 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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