Consumer Price Index Commodities and Services Survey

ICR 202303-1220-004

OMB: 1220-0039

Federal Form Document

ICR Details
1220-0039 202303-1220-004
Received in OIRA 202002-1220-001
DOL/BLS
Consumer Price Index Commodities and Services Survey
Extension without change of a currently approved collection   No
Regular 08/24/2023
  Requested Previously Approved
36 Months From Approved 09/30/2023
323,281 336,423
113,840 121,405
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: Collection, collation, and reports of labor statistics
  
None

Not associated with rulemaking

  88 FR 19678 04/03/2023
88 FR 57977 08/24/2023
Yes

4
IC Title Form No. Form Name
Ongoing Pricing - State, local Governments Attachment A, Attachment H CADC Screenshots ,   Shuttle Form
Ongoing Pricing and Test Pricing - Private Sector Attachment A, Attachment H CADC Screenshots ,   Shuttle Form
Outlet Rotation - Private Sector Attachment A CADC Screenshots
Outlet Rotation - State and Local Governments Attachment A CADC Screenshots

  Total Request 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 323,281 336,423 0 0 -13,142 0
Annual Time Burden (Hours) 113,840 121,405 0 0 -7,565 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The projected respondent burden hours for FY 2024 – 2026 are 113,840 hours per year. This is a decrease of 7,565 hours from FY 2021 to 2023. The burden has decreased, in part, because e-commerce quotes with no direct respondent interaction have been excluded from the calculation.

$64,000,000
Yes Part B of Supporting Statement
    No
    No
No
No
No
No
Robert Cage 202 691-6959

  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.
08/24/2023


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