Consumer Price Index-Advanced

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Consumer Price Index-Advanced

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Bibliographic details

• Session: CE 24.27
• Location: Abu Dhabi, United Arab Emirates
• Dates: November 4-15, 2024 (2 weeks)
• Delivery method: In-person Training
• Primary language: English
• Interpretation language: Arabic
• Status: Deadline passed

Training program overview

• Target audience: Compilers of consumer price indexes (CPIs).
• Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience.
• Session No.: CE 24.27
• Deadline passed
• Location: Abu Dhabi, United Arab Emirates
• Date: November 4-15, 2024 (2 weeks)
• Delivery Method: In-person Training
• Primary Language: English
• Interpretation Language: Arabic

Course description — scope and emphasis

• Intended to broaden participants’ understanding of the concepts, methods, and challenges of compiling CPIs.
• Explores in greater detail concepts and methods introduced in the online CPIx to address actual compilation issues faced by participants.
• Provides an overview of index number theory and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
• Covers sources and methods for developing/validating weights, and practical applications of methods used for sampling areas, items, outlets, and varieties.
• Discusses new and emerging data sources as well as new collection technologies.
• Includes frontier issues, including how to better measure the digital economy.
• Highlights linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
• Follows the principles and recommendations of the CPI Manual (2020).

Topics covered

• Calculating elementary and upper-level indexes.
• Methods for handling temporarily and permanently missing prices.
• Introducing new outlets, items, and varieties.
• Adjusting prices for quality changes.
• Chaining and linking indexes with updated weighting structures.
• Meeting data users’ needs to ensure relevancy.

Course objectives — learning outcomes

• Apply recommended index calculation methods.
• Apply methods for dealing with index compilation challenges such as unavailable items, quality change, and keeping an index up to date.
• Assess how well a CPI meets international guidelines for best practice.

References

• In-person Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)
• Macroeconomic Management in Resource Rich Countries (MRC)