Virtual : Consumer Price Index-Advanced (CPI-A)
Source details
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- Virtual : Consumer Price Index-Advanced (CPI-A)
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Bibliographic details
- Session: CE 22.07V
- Location: Kuwait City, Kuwait
- Dates: January 24-27, 2022 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: Arabic
- Status: Deadline passed
Training program and target audience
- Training Program: Presented by the Statistics Department.
- Target Audience: Compilers of consumer price indexes (CPIs).
- Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience.
Course description and scope
- Purpose: Broaden participants’ understanding of the concepts and methods of compiling CPIs.
- Emphases:
- Overview of index number theory and its practical implications for choosing the index number formula at lower and higher levels of aggregation.
- Sources and methods for developing weights and sampling areas, items, outlets, and varieties.
- Discussion of new and emerging data sources and new collection technologies.
- Frontier issues including how to better measure the digital economy.
- Linkages to the 2008 SNA, including related principles of scope, coverage, and valuation.
- Methodological alignment: The course follows the principles and recommendations of the CPI Manual (2020).
Course topics covered
- calculating elementary and upper-level indexes;
- methods for handling temporarily and permanently missing prices;
- introducing new outlets, items, and varieties;
- adjusting prices for quality changes;
- chaining and linking indexes with updated weighting structures; and
- meeting data users’ needs to ensure relevancy.
Course objectives
Upon completion of this course, participants should be able to:
- Apply recommended index calculation methods.
- Apply methods for dealing with such index compilation challenges such as unavailable items, quality change, and keeping an index up to date.
- Assess how well a CPI meets international guidelines for best practice.