What is cumulated CPI in SAP PY-UA - Ukraine?

SAP Term: cumulated CPI

• Component: PY-UA

• Component Name: Ukraine

• Description: The result of cumulating the consumer price index CPI each month. The government publishes a threshold percentage for the cumulated CPI. When the cumulated CPI exceeds the threshold, you determine the indexation percentage by deducting 100% from the cumulated CPI. You use the indexation percentage to calculate the indexation amount that you pay an employee. When the cumulated CPI exceeds the threshold percentage, you reset the cumulated CPI and start to cumulate the CPI again.

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• Key Concepts: 
  Cumulated CPI (Consumer Price Index) is a measure of inflation in Ukraine. It is calculated by the State Statistics Service of Ukraine and is used to adjust wages and pensions in the country. The cumulated CPI is based on the average prices of a basket of goods and services in the country. 
  
  How to use it: 
  The cumulated CPI is used to adjust wages and pensions in Ukraine. It is calculated by the State Statistics Service of Ukraine and is updated on a monthly basis. The cumulated CPI can be used to compare the cost of living in different regions of Ukraine, as well as to compare the cost of living over time. 
  
  Tips & Tricks: 
  When using the cumulated CPI, it is important to remember that it only measures inflation in Ukraine and does not take into account other factors such as exchange rates or economic growth. Additionally, it is important to note that the cumulated CPI does not take into account changes in prices due to taxes or subsidies. 
  
  Related Information: 
  The cumulated CPI can be used in conjunction with other economic indicators such as GDP, unemployment rate, and exchange rate to gain a better understanding of the economic situation in Ukraine. Additionally, it can be used to compare the cost of living between different regions of Ukraine.