Consumer Price Index - Advanced
Source details
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- Consumer Price Index - Advanced
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Bibliographic details
- Session: HQ 25.02
- Location: Washington, D.C., United States
- Dates: March 24, 2025 - April 4, 2025 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Program details and logistics
- Training Program: Consumer Price Index - Advanced
- Session No.: HQ 25.02
- Deadline passed
- Location: Washington, D.C., United States
- Date: March 24, 2025 - April 4, 2025 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Target Audience: Compilers of consumer price indexes (CPIs).
- Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience.
- Presented by: Statistics Department
Course description and scope
- Purpose: Broaden participants’ understanding of the concepts, methods, and challenges of compiling CPIs.
- Approach: Builds on concepts and methods introduced in the online CPIx and explores them in greater detail to address actual compilation issues faced by participants.
- Theoretical foundations: Provides an overview of index number theory and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
- Weights and validation: Covers the sources and methods for developing/validating weights.
- Sampling and practical applications: Covers methods used for sampling areas, items, outlets, and varieties.
- Data sources and technologies: Discusses new and emerging data sources as well as new collection technologies.
- Frontier issues: Includes frontier issues such as how to better measure the digital economy.
- National accounts linkages: Highlights linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
- Alignment with guidance: 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
Upon completion of this course, participants should be able to:
- Apply recommended index calculation methods.
- Apply methods for dealing with such 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.