The Consumer Price Index (CPI) measures the average change in the price paid by
consumers for a fixed market basket of goods and services. It is usually based on
household expenditure weights of the goods and services in the basket and their
current market prices. The twelve CPI’s (i.e., the CPI’s of the 11 Regions and the CPI
at Country Level) presented in this report are based on the results of the Household
Income, Consumption and Expenditure Survey (HICES) conducted by the Central
Statistical Agency in 2015/2016 from which expenditure weights are derived for major
household goods and services of that period and adjusted using the December 2016
retail prices of the goods and services as a base period.