{
  "title": "Malawi: Technical Assistance Report on the Price Statistics Mission",
  "publication": "IMF Staff Country Reports, December 17, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/malawi-technical-assistance-report-on-the-price-statistics-mission-41125",
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  "summary": "This paper discusses the findings of a Technical Assistance Report on the Price Statistics Mission to Malawi. It was concluded that more than 80 percent of the country unit values selected as the price indicators for the macroprudential indicators did not provide credible indicators of pure price ch",
  "sections": [
    {
      "heading": "Mission findings",
      "content": "- More than 80 percent of the country unit values selected as the price indicators for the macroprudential indicators did not provide credible indicators of pure price change over time.\n- Because of the lack of credible unit-value indicators, the compilation of the indexes could not be undertaken until import and export price surveys had been initiated.\n- Planned activities to address data gaps included the initiation of import and export price surveys and an intensive program of field interviews to initialize quarterly price collections."
    },
    {
      "heading": "Methodology and capacity-building",
      "content": "- Training provided covered:\n  - index concepts,\n  - compilation methodology,\n  - price survey design and implementation.\n- Implementation emphasis: field interview program to initialize collection and establish time series for unit values and unit-value–based indicators."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Do not compile macroprudential price indexes based on current country unit values until import and export price surveys are in place, to avoid misleading measures of pure price change.\n- Prioritize initiation of import and export price surveys as a prerequisite for credible price-index compilation.\n- Conduct an intensive program of field interviews to establish and initialize quarterly price collections and consistent time series.\n- Strengthen staff capacity through targeted training on index concepts, compilation methodology, and price survey design and implementation.\n\n---\n\n Content in this bundle\n\n- cr13359\n  - cr13359 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13359 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 17, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475593143.002",
    "More than 80 percent of the country unit values selected as the price indicators for the macroprudential indicators did not provide credible indicators of pure price change over time.",
    "Because of the lack of credible unit-value indicators, the compilation of the indexes could not be undertaken until import and export price surveys had been initiated.",
    "Planned activities to address data gaps included the initiation of import and export price surveys and an intensive program of field interviews to initialize quarterly price collections.",
    "Training provided covered:",
    "Implementation emphasis: field interview program to initialize collection and establish time series for unit values and unit-value–based indicators.",
    "Do not compile macroprudential price indexes based on current country unit values until import and export price surveys are in place, to avoid misleading measures of pure price change.",
    "Prioritize initiation of import and export price surveys as a prerequisite for credible price-index compilation.",
    "Conduct an intensive program of field interviews to establish and initialize quarterly price collections and consistent time series.",
    "Strengthen staff capacity through targeted training on index concepts, compilation methodology, and price survey design and implementation.",
    "**_cr13359**"
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