Consumer Price Index (CPIx)
Source details
- Canonical URL
- Consumer Price Index (CPIx)
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Bibliographic details
- Session: OL 24.103
- Location: Course conducted online
- Dates: March 7, 2024 - April 15, 2024 (6 weeks)
- Delivery method: Online Training
- Primary language: Spanish
- Status: Deadline passed
Training program overview
- Title: Consumer Price Index (CPIx)
- Session No.: OL 24.103
- Delivery Method: Online Training
- Location: Course conducted online
- Date: March 7, 2024 - April 15, 2024 (6 weeks) New dates
- Primary Language: Spanish
- Status: Deadline passed
- Presented by: Statistics Department, IMF
Target audience and qualifications
- Target audience:
- Compilers of consumer price indexes (CPIs)
- Users of CPI data interested in understanding key concepts and compilation issues
- 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
Course description — scope and methodological coverage
- The course introduces key CPI concepts and methods and provides an overview of:
- Key CPI concepts, definitions, and uses
- Different index number formulas and practical implications of choosing a formula at lower and higher levels of aggregation
- Sources and methods for sampling areas, items, outlets, and varieties
- Treatment of temporarily and permanently missing prices
- Updating and linking CPI data series
- Linkages to the 2008 SNA, including principles of scope, coverage, and valuation
- The course follows the principles and recommendations of the CPI Manual (2020)
Specific topics covered
- Defining key concepts and uses of CPI data and how these influence the design of a CPI
- Meeting data users’ needs to ensure relevancy
- Calculating elementary and upper-level indexes
- Methods for sampling areas, items, outlets, and varieties
- Methods for handling temporarily and permanently missing prices, including adjusting prices for quality changes
- Chaining and linking indexes with updated weighting structures
Course objectives — learning outcomes
Upon completion of the online course, participants will 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 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