Connect with IMF Institute

Consumer Price Index (CPIx)

Deadline passed

Session No.: OL 23.125

Location: Course conducted online

Date: January 1, 2023 - April 15, 2023 (15 weeks)

Delivery Method: Online Training

Primary Language: English

    Target Audience

    This course is designed for compilers and users of the consumer price index (CPI) who can benefit from a better understanding of the recommended methods for the compilation and dissemination of reliable inflation data.

    Back to top


    Participants are expected to have some familiarity with basic statistics. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

    Back to top

    Course Description

    The consumer price index (CPI) is one of the most important macroeconomic indicators produced by a country. CPI data are essential inputs for policymakers who require reliable measures of price change to make sound policy decisions. In addition, wages, salaries, government payments, pensions, rent, and other payments are indexed to the CPI and require accurate estimates of inflation. Learn the key concepts and compilation methods required to compile reliable CPI data using the best available methods.

    Back to top

    Course Objectives

    Upon completion of the course, participants should be able to:

    • Identify key uses of CPI data and explain key consumer price index concepts and definitions and how these are applied in practice.
    • Identify and explain the different index calculation formulas.
    • Define and explain the importance of sampling in a CPI and how sampling methods are applied in practice.
    • Identify and explain the different methods for the treatment of missing prices and describe how these are applied in practice.
    • Show how to update CPI weights and link old and new indexes to form a continuous time series of data.
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    IFRS 9 - A Supervisory Perspective

    English | August 26-30, 2024 | In-person Training | Thimphu, Bhutan

    Apply online by July 20, 2024

    Macroeconometric Forecasting and Analysis (MFA)

    English | September 23, 2024 - October 3, 2024 | In-person Training | Marrakech, Morocco

    Apply online by July 20, 2024

    Government Finance Statistics - Advanced (GFS-A)

    English | November 11-22, 2024 | In-person Training | Washington, D.C., United States

    Apply online by July 21, 2024

    Public Financial Management Legal Frameworks (LFPFM)

    English | October 14-18, 2024 | In-person Training | Vienna, Austria

    Apply online by July 21, 2024

    Financial Market Infrastructures: Principles and Practices (FMI-PP)

    English (Arabic) | September 29, 2024 - October 3, 2024 | In-person Training | Kuwait City, Kuwait

    Apply online by July 21, 2024