Republic of the Marshall Islands: Technical Assistance Report-Consumer Price Index Mission (January 15-26, 2024)
Technical Assistance Reports, June 7, 2024
Source details
- Canonical URL
- Republic of the Marshall Islands: Technical Assistance Report-Consumer Price Index Mission (January 15-26, 2024)
Other formats
Bibliographic details
- Published: June 7, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400276071.019
Mission overview
- A technical assistance (TA) mission was undertaken with the Economic Policy, Planning and Statistics Office (EPPSO) of the Republic of the Marshall Islands (RMI) between January 15–26, 2024.
- Objective: assist EPPSO to update their consumer price index (CPI).
Methodology and tasks completed
- Resampling the basket of goods and services.
- Estimating new expenditure weights.
- New weights are based on the results of the 2019/2020 household income and expenditure survey (HIES).
Key outputs and agreements
- An action plan for updating the CPI was developed and agreed with the authorities.
- Tasks completed provide the empirical foundation (resampled basket and new expenditure weights) needed to implement the CPI update.
Subjects and keywords covered
- Subjects: Consumer price indexes, Expenditure, Household consumption, International organization, Monetary policy, National accounts, Prices.
- Keywords: Consumer price index, consumer price index mission, Consumer price indexes, CPI, CPI basket, CPI data entry workbook, Household consumption, IMF's Statistics department, index series, inflation, instrumentalities of the CD recipient, macroeconomic statistics, monetary policy, price statistics, Republic of the Marshall Islands.
Content in this bundle
- Section I. Detailed Technical Assessment and Recommendations