PRESS RELEASE
DR. MARIO MARAZZI‐SANTIAGO
EXECUTIVE DIRECTOR

March 17, 2018

AUTHORIZED STATEMENTS BY THE EXECUTIVE DIRECTOR OF THE INSTITUTE OF STATISTICS ON THE DECISION OF THE SUPREME COURT OF PUERTO RICO

Yesterday, the Supreme Court denied a motion calling for the resumption of the work of the Board of Directors of the Institute of Statistics of Puerto Rico. The decision of the Supreme Court confirms that the Institute can continue to carry out its work and functions, while the Court of Appeals hears the matter. It seems to us that this is a prudent decision in the face of the enormous fiscal and credibility challenges that Puerto Rico is facing.

The Institute's Board of Directors had been unable to meet for 7 months. It was able to meet this week after the judgment handed down by the Court of First Instance, in favor of the lawsuit filed by the Institute.

The restart of the work of the Institute's Board of Directors allows us to resume our quasi-legislative and quasi-judicial functions to guide a public policy of transparency and high-quality statistical processes.

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Press Contact: Sandra Morales Blanes (787) 688-0401

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PRESS RELEASE
DR. MARIO MARAZZI-SANTIAGO
EXECUTIVE DIRECTOR

AUTHORIZED STATEMENTS BY THE EXECUTIVE DIRECTOR OF THE INSTITUTE OF STATISTICS REGARDING THE FINAL APPROVAL OF P. C. 1403 BY THE LEGISLATIVE ASSEMBLY OF PUERTO RICO

Last night, the Legislative Assembly agreed on the Conference Committee and approved the House Project 1403 after deleting Chapter XII related to the Puerto Rico Institute of Statistics.

We thank and congratulate both the House and the Senate for having completed the approval of the reorganization of the Department of Economic Development and Commerce, after having accepted our recommendation as well as the request of thousands of individuals and scientists, 47 world-renowned scientific organizations, 16 congressmen, the Puerto Rican National Agenda, the Private Sector Coalition, the Transparency Network, the Network of Foundations, the Academy for the Advancement of the Sciences, the American Statistical Association, the Royal Statistical Society, among many others, who publicly called for the Puerto Rico Institute of Statistics to remain an autonomous entity of the Government of Puerto Rico.

We reiterate our best willingness to hold an open dialogue regarding the future of the Institute of Statistics, its role within the Government of Puerto Rico and our society, so that we are allowed to continue working to ensure that the systems for collecting data and statistics, on which public policies are based, are complete, reliable and accessible quickly and universally.

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Press Contact: Sandra Morales Blanes (787) 688-0401

San Juan, Puerto Rico — July 10, 2024. The Puerto Rico Institute of Statistics released the results of the Cost of Living Index (COLI) for the first quarter of 2024, whose data show that the urban area of Metropolitan Statistical Area (MSA) of San Juan-Bayamón-Caguas, is ranked 82nd out of 301 urban areas in terms of overall cost of living in the United States, with a composite index of 102.3. The 15 municipalities that make up the San Juan-Bayamón-Caguas MSA are: Bayamón, Caguas, Canovanas, Carolina, Cataño, Cidra, Dorado, Gurabo, Guaynabo, Rio Grande, San Juan, Toa Alta, Toa Baja, Trujillo Alto and Vega Alta.

At the national level, the average cost of living is set at an index of 100. The composite index of 102.3 for the urban area of the San Juan-Bayamón-Caguas MSA indicates that living in this region is 2.3% more expensive than the average of the 301 participating urban areas nationwide.

The composite index is derived from six main categories of consumer spending, of which the following table presents the Rankings for the urban area of the San Juan-Bayamón-Caguas MSA. The combination of higher costs in supermarkets and utilities is partially offset by relatively low costs in health care and miscellaneous goods.

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About the Cost of Living Index (COLI):

COLI is a crucial tool for understanding regional differences in the costs of consumer goods and services. The indices are calculated based on data collected quarterly by different entities in each participating urban area. The COLI has been calculated in urban areas of the United States since 1968, using the methodology developed by the Council for Community and Economic Research (C2ER), a non-profit organization dedicated to research on community and economic development. The Puerto Rico Statistics Institute, together with the network of members affiliated with C2ER, is responsible for collecting prices for goods and services established by C2ER.

The Puerto Rico Statistics Institute has designed a comparative calculator for the cost of living between the urban area of the San Juan-Bayamón-Caguas MSA and the rest of the participating cities in the United States. This tool is available at: https://apps.estadisticas.pr/coli/.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access.

For more information you can visit the website: www.estadisticas.pr or write to preguntas@estadisticas.pr. They can also follow social networks through Facebook (@estadisticas .pr), X (@EstadisticasPR), LinkedIn (Institute of Statistics of Puerto Rico) and Instagram (@institutodeestadisticas) accounts.

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