Uganda: Technical Assistance Report - Report on the Prices Statistics Mission; IMF Country Report No. 17/296, September 2017

IMF Staff Country Reports, October 6, 2017

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Canonical URL: Uganda: Technical Assistance Report - Report on the Prices Statistics Mission; IMF Country Report No. 17/296, September 2017

The report discusses technical advice and recommendations given by the IMF mission to the authorities of Uganda about the concepts and methods used to compile the consumer price index (CPI).
The conceptual basis of the rebased CPI was extensively discussed during the IMF mission.
The rebasing was considered to be an opportunity to change the conceptual basis of the CPI and to compile weights using the domestic concept.
The Uganda National Household Survey (UNHS) data were compared with household consumption derived in the supply and use tables.
Tobacco and beer are cited as examples of items that are significantly underreported in the UNHS.
Adjustment of the weight for under- or overreporting by comparing the UNHS data to other sources is recommended.

Use the rebasing exercise as an opportunity to change the conceptual basis of the CPI.
Compile CPI weights using the domestic concept.
Compare household survey consumption (UNHS) with household consumption derived from supply and use tables to identify under- or overreporting.
Adjust weights for items showing under- or overreporting based on comparisons with alternative data sources.

Specific underreporting identified:
- Tobacco: significantly underreported in the UNHS.
- Beer: significantly underreported in the UNHS.
Implication:
- Survey-based weights may misrepresent actual consumption patterns; verification against supply-side data is necessary.