Had to look that up, never heard the term before.

The basic basket in Venezuela is a set of goods and services that are indispensable for all family type and this must possess in order to satisfy their basic needs of consumption from your income.

Then, the basic basket Venezuela has an approximate amount of 400 items, which include food products as services.

With the objective of determining the value of the final content in the basic basket, is a statistic on the average family. Thus, the National Institute of statistics (INE) must carry out the survey income-expenditure of households, which provides associated expenditures of households in more than 400 goods and services.

After the study, the Bank of Venezuela selected certain products and services and integrated them into a basic basket, to calculate the weight of each in the construction of the INPC, performing the renowned weighting.

Then, the table of the main headings and the weighting in the calculation of the basic basket of Venezuela:

• Food and non-alcoholic beverages: 22.9%
• Alcohol and tobacco: 1.5%
• Restaurants and hotels: 6.1%
• Dress and footwear: 6.5%
• Rental of dwelling: 15.1%
• The housing services: 3.5%
• Furniture, equipment of home: 5.6%
• Health: 4.2%
• Transport: 13.3%
• Communications: 5.2%
• Recreation and culture: 5.1%
• Education services: 4.8%
• Goods and services: 6.2%

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