Observed retail price of Australia’s market-leading cigarette brand before and up to 3 years after the implementation of plain packaging

2018 ◽  
Vol 28 (e2) ◽  
pp. e86-e91 ◽  
Author(s):  
Sam Egger ◽  
Suzan Burton ◽  
Rebecca Ireland ◽  
Scott C Walsberger
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Retail Price ◽  
Plain Packaging ◽  
Cigarette Brand ◽  
Retail Outlets ◽  
Change In Mean ◽  
Generalised Estimating Equations ◽  
Over Time ◽  
Cigarette Prices

ObjectiveDespite claims by tobacco companies that plain packaging would lead to lower cigarette prices, recommended and observed real cigarette prices in Australia rose in the 9–11 months after plain packaging was introduced. However, little is known about trends in prices longer term. In this report, we assess whether inflation (Consumer Price Index; CPI) and tax adjusted (‘CPI-tax-adjusted’) prices of the market-leading Australian cigarette brand changed in the 3-year period after plain packaging, and whether price changes were associated with retailer characteristics.MethodCigarette prices were ascertained from a panel of tobacco retailers at three time points: (1) in November 2012 (n=857) (before full implementation of plain packaging, compulsory in retail outlets from December 2012), (2) between October 2014 and February 2015 (n=789) and (3) between November 2015 and March 2016 (n=579). Generalised estimating equations were used to estimate percentage change in mean CPI/tax-adjusted cigarette prices over time.ResultsCPI/tax-adjusted adjusted mean stick prices rose by 13.7% (95% CI 13.0 to 16.0) and 15.2% (95% CI 14.3 to 16.0) at 2.1 and 3.1 years after plain packaging was introduced, respectively. Increases in mean CPI/tax-adjusted stick prices varied by outlet type (p<0.001), socioeconomic status (p=0.013) and remoteness of retailer’s area (p=0.028) and whether twin packs were sold (p=0.009).ConclusionsContrary to tobacco company predictions of a fall in prices, the price of the market-leading Australian cigarette brand increased significantly in the 3 years after plain packaging was introduced, and these increases were above the combined effects of inflation and increases in excise/customs duty.

Regional Consumer Price Differences Within Germany

2010 ◽  
Vol 230 (6) ◽  
Author(s):  
Stefan Linz
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Sufficient Information ◽  
Price Development ◽  
Price Data ◽  
Ex Post ◽  
Consumer Prices ◽  
Information Demand ◽  
Price Comparisons ◽  
Over Time

SummaryEvery month the Consumer Price Index for Germany (CPI) provides comprehensive and detailed information regarding the price development over time. However, when differences in the price level across regions in Germany have to be analysed at a given point in time, sufficient information is not available at present.Interest in regional consumer price data is shown by both scientists and policy makers. Currently, this information demand is not met as regional consumer prices or regional price comparisons are not provided by the Federal Statistical Office in Germany.Data available from the German Consumer Price Index is suitable to follow the price development over time but cannot be used directly to compare price levels of different regions because the goods tracked may be different from region to region.The article first considers the information demand and gives an overview of existing price data. Its main part refers to an empirical study which was conducted to check if existing Consumer Price Index data can be used to calculate regional consumer price comparisons by ex-post selecting comparable products.

scholarly journals DEMAND FACTORS FOR BANKING LOANS IN UKRAINE: MODELING AND ASSESSMENT

2021 ◽  
Vol 1 (36) ◽  
pp. 46-56
Author(s):  
S. Hlushchenko ◽  
V. Shportyuk
Keyword(s):  
Interest Rates ◽  
Price Index ◽  
Statistical Data ◽  
Consumer Price Index ◽  
State Regulation ◽  
Var Model ◽  
Practical Application ◽  
Factors Influencing ◽  
Business Entities ◽  
Over Time

The article presents the results of modeling and assessment of the effects of demand factors for banking loans by business entities and households on the volume of bank loaning in Ukraine. The article summarizes the factors influencing on volume of banking loans according to the demand side of business entities and households; performed modeling based on statistical data for Ukrainian practice in the period from 2006 to 2020. The authors developed a VAR-model for estimating the factors influencing the banking loans demand by business entities. According to the constructed model, it is concluded that the change in demand for credit resources by business entities is due to changes in interest rates (by 30%), changes in industrial production index (15.6%), changes in PFTS index 10.7%), change in the price index of industrial producers (1.0%), change in themselves over time (42.5%). The authors also developed a VAR-model for estimating the factors influencing the banking loans demand from households. According to the constructed model, it is concluded that the change in demand for credit resources by households is due to changes in average wages (16.2%), changes in interest rates (16%), changes in expenditures (8.2%), changes in GDP (7.7%), the consumer price index (6.9%), the change in the number of registered unemployed (2.9%) and the change in themselves over time (42.1%). The obtained results can have practical application both within the formation of banking loan policy and within state regulation measures to influence the activation of the credit sector in the country.

Retail and Consumer Prices: an Explanatory Note

1980 ◽  
Vol 94 ◽  
pp. 73-76 ◽  
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Retail Price ◽  
Summary Table ◽  
Price Inflation ◽  
Consumer Prices ◽  
Explanatory Note

In this Review, as a response to comments from readers, we have replaced the consumer price index by the retail price index as a measure of annual price inflation in our Summary table of our forecast for the home economy. This note therefore sets out the differences between the two series in order to make the nature of the change clear.

scholarly journals The case of eculizumab: litigation and purchases by the Brazilian Ministry of Health

2020 ◽  
Vol 54 ◽  
pp. 22
Author(s):  
Rosângela Caetano ◽  
Paulo Henrique Almeida Rodrigues ◽  
Marilena C Villela Corrêa ◽  
Pedro Villardi ◽  
Claudia Garcia Serpa Osorio-de-Castro
Keyword(s):  
Federal Government ◽  
Price Index ◽  
Consumer Price Index ◽  
Weighted Average ◽  
Secondary Data ◽  
Federal Agencies ◽  
Ministry Of Health ◽  
Market Approval ◽  
Increasing Trend ◽  
Over Time

OBJECTIVES: This study examined the purchases of eculizumab, a high-cost monoclonal antibody used in the treatment of rare diseases by Brazilian federal agencies, in terms of purchased quantities, expenditures, and prices. METHODS: Eculizumab purchases made between March 2007 and December 2018 were analyzed, using secondary data extracted from the Federal Government Purchasing System (SIASG in Portuguese). The following aspects were assessed: number of purchases, purchased quantities, number of daily doses defined per 1,000 inhabitants per year, annual expenditures, and prices. The prices were adjusted by the National Broad Consumer Price Index for December 2018. Linear regression was used for trend analysis. RESULTS: All acquisitions by federal agencies were made by the Brazilian Ministry of Health. The purchases began in 2009 with tender waiver to comply with legal demand. There was an increasing trend in the number of purchases and quantities acquired over time. Two hundred and eighty-three purchases were made, totaling 116,792 units purchased, 28.2% of them in 2018. The adjusted total expenses summed more than R$ 2.44 billion. After market approval by the Brazilian Health Regulatory Agency, the weighted average price fell approximately 35%, to values under the Medicines Market Chamber of Regulation established prices. CONCLUSION: Eculizumab represented extremely significant expenditures for the Brazilian Ministry of Health during the period. All purchases were made to meet demands from lawsuits, outside the competitive environment. The market approval of eculizumab promoted an important price reduction. This study indicates the relevance of licensing and the need for permanent monitoring and auditing of drug purchases to meet legal demands.

Analysis and Research on Economic Management Statistics Based on SPSS

2014 ◽  
Vol 687-691 ◽  
pp. 5157-5160
Author(s):  
Yun Peng Duan ◽  
Li Min Si ◽  
Xin Wang
Keyword(s):  
Gross Domestic Product ◽  
Price Index ◽  
Price Level ◽  
Consumer Price Index ◽  
Retail Price ◽  
Domestic Product ◽  
Human Society ◽  
Industrial Output ◽  
Economic Management ◽  
Total Energy Consumption

Economic development is one of the targets of the whole human society. In macroeconomic theory, the developments of the economy are largely driven by consumption, investment, government purchases. In economic theory, we usually use to describe the development of economy, GDP and GDP will be affected by the price level. To measure the price level, we generally use the consumer price index, commodity retail price index to describe; Investment is usually measured with fixed asset investment and gross value of industrial output. In this article, through nearly 20 years in China's gross domestic product (GDP) and gross domestic product (GDP) of some important indicators, such as the residents' consumption level, the fiscal expenditure, gross value of industrial output and commodity retail price index, the consumer price index, urban residents' income, rural residents income, such as the total energy consumption data, using SPSS software to provide the descriptive analysis, factor analysis, regression analysis and other methods of data carried on the thorough analysis, and analysis the problems reflected by some targeted Suggestions are given.

scholarly journals The effect of excise tax increases on cigarette prices in South Africa

2017 ◽  
Vol 27 (1) ◽  
pp. 65-71 ◽  
Author(s):  
Daniel J Linegar ◽  
Corne van Walbeek
Keyword(s):  
South Africa ◽  
Price Index ◽  
Tobacco Consumption ◽  
Retail Price ◽  
Regression Equations ◽  
Cigarette Price ◽  
Excise Tax ◽  
Price Increases ◽  
Pass Through ◽  
Cigarette Prices

IntroductionThe effectiveness of excise tax increases as a tool for reducing tobacco consumption depends largely on how the tax increases impact the retail price. We estimate this relationship in South Africa for 2001–2015.DataStatistics South Africa provided disaggregated cigarette price data, used in the calculation of the Consumers’ Price Index. Data on the excise tax per cigarette were obtained from Budget Reviews prepared by the National Treasury of South Africa.MethodsRegression equations were estimated for each month. The month-on-month change in cigarette prices in February through April was regressed against March’s excise tax change to estimate the pass-through coefficient. For the other 9 months, the month-on-month change in cigarette price was regressed against monthly dummy variables to determine the size of the non-tax-related price increase in each of these months. The analysis was performed in both nominal and real (inflation-adjusted) terms.FindingsExpressed in real terms, the excise tax was undershifted. A R1.00 (one rand) increase in the excise tax is associated with an increase in the retail price of cigarettes of R0.90 in the pre-2010 period, and R0.49 in the post-2010 period. In the pre-2010 period, the tobacco industry increased the retail price of cigarettes in July/August, independent of the excise tax increase. The discretionary July/August price increases largely disappeared after 2010, primarily because the market became more competitive.ConclusionThe degree of excise tax pass-through, and the magnitude of discretionary increases in cigarette prices, is significantly determined by the competitive environment in the cigarette market.

Dampak Penerapan Perbankan Syari’ah Terhadap Pertumbuhan Ekonomi Negara: Kajian Perbandingan Malaysia dan Indonesia

2017 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Hansen Rusliani
Keyword(s):  
Gross Domestic Product ◽  
Response Function ◽  
Price Index ◽  
Vector Autoregression ◽  
Consumer Price Index ◽  
Domestic Product

Penelitian ini bertujuan untuk mengetahui dampak perbankan syari’ah terhadap pertumbuhan ekonomi di Indonesia dan Malaysia. Data yang digunakan dalam penelitian ini merupakan data primer (interview) dan data sekunder dalam bentuk bulanan yang diperoleh dari Badan Pusat Statistik Ekonomi dan Keuangan Indonesia Bank Indonesia (SEKI-BI) dan Statistik Perbankan Syari’ah Bank Indonesia (SPS-BI) serta data dari Bank Negara Malaysia dan Departemen Statistik Malaysia dalam periode waktu kurun waktu 16 tahun, 2000 sampai dengan 2015. Observasi penelitian dilakukan di Indonesia dan Malaysia untuk memperkaya analisis. Penelitian ini menggunakan Vector Autoregression (VAR), Uji Kointegrasi serta dikombinasikan dengan Response Function (IRF) dan Decomposition (FEVD) untuk melihat interaksi antara faktor makro ekonomi dengan pembiayaan dalam jangka panjang. Adapun variabel yang digunakan adalah total pembiayan syari’ah (Total Syari’ah Financing) dan Gross Domestic Product (GDP) sebagai representasi pertumbuhan ekonomi. Untuk tambahan variabel digunakan Consumer Price Index (CPI) sebagai representasi tingkat inflasi. Hipotesis penelitian yaitu terdapat pertumbuhan ekonomi setiap tahunnya dikedua negara tersebut pasca krisis moneter.

The 2018 revision of the Consumer Price Index geographic sample

2016 ◽  
Author(s):  
Steven Paben ◽  
William Johnson ◽  
John Schilp
Keyword(s):  
Price Index ◽  
Consumer Price Index
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