Is the consumption level in Vanua high? What is the consumer price index?

Is the consumption level in Vanuatu high? Vanuatu Statistics Bureau released the Consumer Price Index (CPI) for the third quarter of 20 19. As can be seen from the published data, compared with the previous quarter, the CPI in September of 20 19 increased by 1.2%. The expenditure types that cause CPI to rise are: food, household appliances, communications, public utilities, transportation and miscellaneous items. Spending on cigarettes, physical and mental health, games, entertainment and education is the same. However, clothing and shoes decreased by 0.4% compared with the previous quarter.

Generally, market economy countries believe that the annual growth rate of CPI is within the acceptable range of 2%-3%. The rise of CPI shows that non-governmental trade has been promoted, which can stimulate the economy and play a positive role in economic growth. Judging from the CPI data released by Vanuatu Statistics Bureau in recent years, its CPI growth has remained in an idealized range.

Vanuatu is highly sought after by investors. Vanuatu's sales market has high competitiveness index, high convenience, relatively perfect law and discipline, government departments encourage foreign investment, and the economic environment is constantly improving. Vanuatu's tax system is preferential, and there is no personal tax, corporate tax, income tax and house inheritance tax. In recent years, due to the superior tax system and booming tourism, Vanuatu has a huge future development trend and relatively large project investment opportunities.

In 20 19, according to the Citizenship (Amendment) Act. 20 18-34 and 20 19 No.33 Nationality Regulations (Development Support Scheme) Act, Vanuatu government departments launched new permanent residence projects for global investors to unify world prices. At this stage, you only need 80,000 yuan to apply for a Commonwealth Vanuatu passport visa, become a Commonwealth citizen and start a global life!

What is the consumer price index? Consumer price index is an index value that reflects the price changes of products and service companies related to residents' lives. The excessive increase of consumer price index shows that inflation has become an unstable factor in economic development, and the central bank will also have the risk of tightening monetary policy or economic policy, which will lead to a bleak economic development prospect.

The function of consumer price index reflects the situation of inflation, indicating that the continuous rise of product prices in a certain period reflects the change of monetary purchasing power. When the consumer price index goes up, the purchasing power of money goes down, and vice versa. Reflecting the impact on the real income of employees, the decline of consumer price index represents the increase of real income.