Facts & Figures - ACCRA Cost of Living
|COMPOSITE INDEX||COMPONENT %||CONWAY|
|Annual Average 2012|
|Misc. Goods & Services||32.17%||87.6|
About the ACCRA Cost of Living Index
ACCRA produces the ACCRA Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Items on which the Index is based have been chosen carefully to reflect different categories of consumer expenditures. Weights assigned to relative costs are based on government survey data on expenditure patterns for professional and executive households. All items are priced in each place at a specified time and according to standardized specifications.
Interpreting the Index
The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places – both metropolitan and non-metropolitan – equals 100. Each participant’s index is read as a percentage of the average for all places.