Training Program

Compilers of producer price indexes (PPIs) who have not previously received in-person training on the topic.

Participants are expected to have a degree in economics or statistics, or equivalent experience.

This course is intended to deepen participants' understanding of the concepts and methods of compiling PPIs. It provides an overview of the steps of index compilation including establishing index weights, sampling establishments, selecting and specifying transactions to be priced, calculating indexes, and disseminating the results. The role of price indexes as deflators in the 2008 SNA is analyzed, as are related principles of scope, coverage, and valuation. The course covers the following topics: calculating elementary aggregate indexes with and without item weights; methods for handling temporarily and permanently missing items; chaining and linking indexes with updated weighting structures; and expanding coverage of the services sectors.