Consumer Price Index (CPIx)

Source details

Session No.: OL 23.184
Location: Course conducted online
Date: May 1, 2023 - April 15, 2024 (50 weeks)
Delivery Method: Online Training
Primary Language: English
Presented by the Statistics Department.
Audience: Compilers of consumer price indexes (CPIs) and users of CPI data interested in understanding key concepts and compilation issues.

Introduces participants to key CPI concepts, definitions, and uses.
Provides an overview of different index number formulas and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
Discusses sources and methods for sampling areas, items, outlets, and varieties.
Covers treatment of temporarily and permanently missing prices, including adjusting prices for quality changes.
Explains updating and linking CPI data series, including chaining and linking indexes with updated weighting structures.
Highlights linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
The course follows the principles and recommendations of the CPI Manual (2020).

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 differences between the different index calculation formulas.
Define and explain the different levels of sampling in a CPI and how these 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.
Update CPI weights and link old and new indexes to form continuous time series of data.

Target audience: Compilers of consumer price indexes (CPIs) and users of CPI data.
Qualifications: Some knowledge of economics and statistics or equivalent experience in CPI is helpful.
Technical requirements: Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.