CyStat starts data collection for Household Budget Survey 2020

The Statistical Service of Cyprus started collecting data for its Household Budget Survey 2020, in a bid to cover 4,800 households in the urban and rural areas of Cyprus

A relevant announcement says that the survey is conducted according to the European Union Statistical Office (EUROSTAT) guidelines and the main objective is to analyse the changes in the pattern of household consumption expenditure, which will form the basis for both the revision of the weights of the Consumer Price Index and the revision of the consumer basket.

Furthermore, the results of the survey will be used for the compilation of socio-economic indices and to study the household income and expenditure pattern by household category, as well as the structure of private final consumption expenditure for national accounts purposes.

All enumerators that participate in the survey have been trained for the completion of the questionnaires using the computer assisted personal interview (CAPI) method, kit is added.

The data collection phase will be evenly distributed over a period of 12 months beginning February 2020 and ending January 2021. More specifically, every 18 days the enumerators will visit approximately 240 households so that the data collected will represent the consumption trends and habits of the household throughout the year avoiding bias due to seasonality.

The Statistical Service notes that according to the legislation, all information collected is treated as confidential and call the public to cooperate for the success and credibility of the survey.

Source: Cyprus News Agency