Consumer Price Index Commodities and Services Survey

ICR 202002-1220-001

OMB: 1220-0039

Federal Form Document

ICR Details
1220-0039 202002-1220-001
Active 201703-1220-001
DOL/BLS
Consumer Price Index Commodities and Services Survey
Extension without change of a currently approved collection   No
Regular
Approved without change 09/01/2020
Retrieve Notice of Action (NOA) 07/21/2020
  Inventory as of this Action Requested Previously Approved
09/30/2023 36 Months From Approved 08/31/2020
336,423 0 323,511
121,405 0 114,492
0 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: Title 29 - Labor
  
None

Not associated with rulemaking

  85 FR 10190 02/21/2020
85 FR 44108 07/21/2020
No

  Total Approved 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 336,423 323,511 0 12,912 0 0
Annual Time Burden (Hours) 121,405 114,492 0 6,913 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The increase of 6913 burden hours is due to the continuing outlet rotation to the new geographic sample areas that began in 2018.

$63,000,000
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.
07/21/2020


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