Botswana: Technical Assistance Report-Report on Price Statistics Mission

IMF Staff Country Reports, June 11, 2019

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Canonical URL: Botswana: Technical Assistance Report-Report on Price Statistics Mission

Responded to a request from Statistics Botswana (SB) to assist with updating the consumer price index (CPI) and to review progress with the development of the producer price index (PPI).
Assessed CPI updating work and reviewed SB’s draft PPI compilation for mining and quarrying.

SB has compiled a draft PPI for mining and quarrying and plan to disseminate these data in September 2019.
Further work to expand PPI coverage has been slower than anticipated for a number of reasons, including:
- data from the 2017 census of economic activity are still not available;
- resources diverted to support updating the CPI; and
- issues with the collection of price data.
Improvements were identified in the compilation of the mining PPI.
Staff demonstrate capability for developing price indexes but are limited by the amount of resource available to develop and disseminate indexes.

SB management should carefully review the staff and budgetary resources needed to continue a program of development for PPI and ongoing improvement of the CPI.

Subjects: Consumer price indexes, Economic sectors, Housing, Mining sector, National accounts, Prices, Producer price indexes
Keywords: Botswana CPI, compilation method, Consumer price indexes, CPI compilation method, CPI weight, CR, Housing, ISCR, Mining sector, price data, Producer price indexes, SB library, SB management, SB price, Southern Africa, update CPI basket, utilities PPI