CCP published the monthly economic report (MER) for March last week. Happens every month, right? But someone on the EVE sub-Reddit found out that RMT tokens are included in the MER. Again, not news. We have known this for years. I think the first time I wrote about the subject was in the Hurricane Hilmar post from September 2019. At the time, I wrote that the RMT tokens, if one includes PLEX, made up about 49% of the EVE economy.
|The size of the EVE Economy during Hurricane Hilmar|
Then someone wrote a huge post on r/eve stating that PLEX makes up a large part of the consumer price index (CPI). Not only was that news, but #FakeNews. The reason the pie chart above that I created back in 2019 has two sources is because no PLEX valuation information is found in the MER. With misinformation starting to fly around, I thought I could expand on my explanation from 18 months ago.First, an RMT token is an item that is acquired from the EVE Online cash shop that is purchasable with real world currency. Two categories containing cash shop items, Apparel and SKINs, are usually not considered RMT tokens. With a combined value of 2.3 trillion ISK of goods sold in March, players usually don't even consider the presence of the cosmetic items on the economy.
Looking at the primaryIndex field shows that PLEX is currently not included in any of the economic indices in the MER. I personally think the consumer price index (CPI) should not include PLEX as it serves as a virtual currency replacing aurum. In the real world, measures of economic activity like GDP and the CPI do not include currency exchange transactions. The same should hold true in EVE.
|The value of the Accessory category is at an all-time low|
|The EVE economy is shrinking|
|The indices with and without the RMT tokens|
|How do they come up with these numbers?|