Consumer Price Index Commodities and Services Survey

ICR 201101-1220-002

OMB: 1220-0039

Federal Form Document

ICR Details
1220-0039 201101-1220-002
Historical Active 200801-1220-002
DOL/BLS
Consumer Price Index Commodities and Services Survey
Revision of a currently approved collection   No
Regular
Approved with change 07/28/2011
Retrieve Notice of Action (NOA) 05/12/2011
  Inventory as of this Action Requested Previously Approved
07/31/2014 36 Months From Approved 07/31/2011
502,958 0 341,600
179,918 0 123,850
0 0 0

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services. Each month, BLS data collectors called economic assistants, visit or call thousands of retail stores, service establishments, rental units, and doctors' offices, all over the United States to obtain information on the prices of the thousands of items used to track and measure price changes in the CPI. The collection of price data from retail establishments is essential for the timely and accurate calculation of the commodities and services component of the CPI. The CPI is then widely used as a measure of inflation, indicator of the effectiveness of government economic policy, deflator for other economic series, and as a means of adjusting dollar values.

US Code: 29 USC Section 2, Chapter 1, Sub 1 Name of Law: Title 29 - Labor
  
None

Not associated with rulemaking

  76 FR 2149 01/12/2011
76 FR 27665 05/12/2011
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 502,958 341,600 0 161,358 0 0
Annual Time Burden (Hours) 179,918 123,850 0 56,068 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
The increase in burden reflect a BLS initiative to improve the accuracy of each published index and the overal quality of CPI data. This increase reflects a 50% increase in the sample size.

$71,509,300
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
W. Layng 2026916955 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/12/2011


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