Consumer Price Index
Source details
- Canonical URL
- Consumer Price Index
Other formats
Bibliographic details
- Session: OL 24.135
- Location: Course conducted online
- Dates: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery method: Online Training
- Primary language: Spanish
- Status: Deadline passed
Overview
- Training Program title: Consumer Price Index (CPIx)
- Session No.: OL 24.135
- Location: Course conducted online
- Date: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery Method: Online Training
- Primary Language: Spanish
- Status: Deadline passed
Target audience and qualifications
- Target Audience:
- Compilers of consumer price indexes (CPIs) and users of CPI data interested in understanding key concepts and compilation issues.
- Qualifications:
- Some knowledge of economics and statistics or equivalent experience in CPI is helpful.
- Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.
Course description and scope
- Presented by: Statistics Department
- The course introduces key CPI concepts and methods and provides:
- An overview of key CPI concepts, definitions, and uses.
- An overview of different index number formulas and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
- Discussion of sources and methods for sampling areas, items, outlets, and varieties.
- Treatment of temporarily and permanently missing prices.
- Methods for updating and linking CPI data series.
- Highlighted 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).
Topics covered
- Defining key concepts and uses of CPI data and how these influence the design of a CPI.
- Meeting data users’ needs to ensure relevancy.
- Calculating elementary and upper-level indexes.
- Methods for sampling areas, items, outlets, and varieties.
- Methods for handling temporarily and permanently missing prices, including adjusting prices for quality changes.
- Chaining and linking indexes with updated weighting structures.
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.
References