Consumer Price Index
Source details
- Canonical URL
- Consumer Price Index
Other formats
Bibliographic details
- Session: OL 24.134
- Location: Course conducted online
- Dates: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed
Training Program
- Title: Consumer Price Index (CPIx)
- Session No.: OL 24.134
- Location: Course conducted online
- Date: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery Method: Online Training
- Primary Language: English
- Status: Deadline passed
- Presented by: Statistics Department
Target Audience and Qualifications
- Target Audience:
- Compilers of consumer price indexes (CPIs) and 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 — core content and scope
- The course introduces participants to key CPI concepts and methods and follows the principles and recommendations of the CPI Manual (2020).
- Coverage includes:
- Overview of 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 areas, items, outlets, and varieties.
- Treatment of temporarily and permanently missing prices.
- Updating and linking CPI data series.
- Linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
- Specific topics listed:
- 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
- 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.
References