## Consumer Price Index

## Source details

**Canonical URL:** [Consumer Price Index](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/cpixol26-116)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2026/cpixol26-116/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2026/cpixol26-116/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2026/cpixol26-116/bundle-manifest.json)

## Bibliographic details
- Session: OL 26.116
- Location: Course conducted online
- Dates: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery method: Online Training
- Primary language: Spanish
- Status: Apply online by April 1, 2027

---

### Training program and logistics
- Session No.: OL 26.116
- Location: Course conducted online
- Date: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery Method: Online Training
- Primary Language: Spanish
- 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.

### Course description
- Provides an overview of key CPI concepts, methods and uses.
- Covers 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.
- Treats the handling of temporarily and permanently missing prices.
- Covers updating and linking CPI data series.
- Highlights linkages to the 2025 SNA, including related principles of scope, coverage, and valuation.
- Follows the principles and recommendations of the CPI Manual (2020).

### Topics covered
- defining key CPI concepts, uses, and their impact on the CPI design;
- 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; and
- chaining and linking indexes with updated weighting structures.

### Course objectives
- Identify key uses of CPI data and explain key CPI concepts and definitions.
- Identify and explain differences between index calculation formulas.
- Define and explain the different levels of sampling in a CPI and how 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

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Apply Now](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.116S)
- [Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/ce26-31)
- [Climate in Macroeconomic Framework (CMF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/cmfat26-22)
- [Big Data for Macroeconomic Statistics (BDMS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/bdmsat26-27)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/cpixol26-116_