## Consumer Price Index (CPIx)

## Source details

**Canonical URL:** [Consumer Price Index (CPIx)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/cpixol23-184)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2023/cpixol23-184/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2023/cpixol23-184/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2023/cpixol23-184/bundle-manifest.json)

## Bibliographic details
- Session: OL 23.184
- Location: Course conducted online
- Dates: May 1, 2023 - April 15, 2024 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed

---

### Course overview
- Session No.: OL 23.184
- Location: Course conducted online
- Date: May 1, 2023 - April 15, 2024 (50 weeks)
- Delivery Method: Online Training
- Primary Language: English
- Presented by the Statistics Department.
- Audience: Compilers of consumer price indexes (CPIs) and users of CPI data interested in understanding key concepts and compilation issues.

### Course description — topics and scope
- Introduces participants to key CPI concepts, definitions, and uses.
- Provides an overview of different index number formulas and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
- Discusses sources and methods for sampling areas, items, outlets, and varieties.
- Covers treatment of temporarily and permanently missing prices, including adjusting prices for quality changes.
- Explains updating and linking CPI data series, including chaining and linking indexes with updated weighting structures.
- Highlights linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
- The course follows the principles and recommendations of the CPI Manual (2020).

### Course objectives — learning outcomes
- 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.

### Target audience and qualifications
- Target audience: Compilers of consumer price indexes (CPIs) and users of CPI data.
- Qualifications: Some knowledge of economics and statistics or equivalent experience in CPI is helpful.
- Technical requirements: Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/cpixol23-184_