Consumer Price Index (CPIx)

Source details

Session No.: OL 24.102
Location: Course conducted online
Date: March 7, 2024 - April 15, 2024 (6 weeks)
Delivery Method: Online Training
Primary Language: French
Registration status: Deadline passed
Qualifications: Some knowledge of economics and statistics or equivalent experience in CPI is helpful. Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

Compilers of consumer price indexes (CPIs)
Users of CPI data interested in understanding key concepts and compilation issues

Introduces key CPI concepts, definitions, and uses.
Overview of different index number formulas and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
Sources and methods for sampling:
- Sampling areas
- Sampling items
- Sampling outlets
- Sampling varieties
Treatment of missing prices:
- Methods for handling temporarily missing prices
- Methods for handling permanently missing prices
- Adjusting prices for quality changes
Updating and linking CPI data series:
- Chaining and linking indexes with updated weighting structures
Linkages to the 2008 SNA, including 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.