What does the price survey entail?

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What does the price survey entail?

The price survey entails the collection of retail price data for a basket of goods and services from retail outlets patronized by professional staff. The list of outlets is drawn up by the survey coordinator at the duty station, working in collaboration with administration and staff representatives and the local survey committee. For the 2016 round of surveys, the price collection in headquarters duty stations will be carried out by ICSC staff assisted with locally recruited price survey consultants. For group I duty stations covered under the ECP programme such as Paris, Madrid, Rome and Vienna, only ICSC specific items such as Real Time Price Comparison (RTPC) items, cars, doctor’s fees, tuition fees, etc., will be collected.

 

The prices collected at the duty station are compared with similar data in New York to determine price relativities between the two duty stations.