Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3–14, 2023)
Technical Assistance Reports, March 18, 2024
Source details
- Canonical URL
- Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3–14, 2023)
Other formats
Bibliographic details
- Published: March 18, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400271175.019
Mission overview
- A technical assistance (TA) mission was conducted by the statistics department of the IMF in May 2023 to assist the Somalia National Bureau of Statistics (SNBS) with updating the Consumer Price Index (CPI).
- Preliminary consumer basket was created during the mission with expanded coverage.
- The index compilation methodology was reviewed and recommendations for improvements were provided.
Data sources and classification
- Somali Integrated Household Budget Survey (SIHBS) 2022 was used as a main source for calculating preliminary CPI weights.
- The higher aggregate weights were calculated using the updated classification of individual consumption by purpose (COICOP 2018).
Key findings and outputs
- Preliminary consumer basket created with expanded coverage.
- Preliminary CPI weights calculated using SIHBS 2022 and COICOP 2018.
- Index compilation methodology reviewed and documented.
Recommendations (general)
- Recommendations for improvements to the CPI index compilation methodology were provided to SNBS.
Content in this bundle
- Tarea2024022