Consumer Price Index (CPIx)
This online course, presented by the Statistics Department, introduces participants to key CPI concepts and methods. The course provides an overview of key CPI concepts, definitions, and uses. It provides an overview of different index number formulas and the practical implications of choosing the index number formula at lower and higher levels of aggregation. The course also discusses the sources and methods for sampling areas, items, outlets, and varieties; treatment of temporarily and permanently missing prices; and updating and linking CPI data series. Linkages to the 2008 SNA are highlighted, including the related principles of scope, coverage, and valuation. The course covers the following topics:
- 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; and
- chaining and linking indexes with updated weighting structures.
The course follows the principles and recommendations of the CPI Manual (2020).
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 Objectives
Upon completion of this online course, participants will be able to:
- 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.
Upcoming Offering
Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
---|---|---|---|---|---|---|
May 1, 2024 | April 15, 2025 | Course conducted online | Online Training | OL 24.134 | English | Apply online by April 1, 2025 |
May 1, 2024 | April 15, 2025 | Course conducted online | Online Training | OL 24.135 | Spanish | Apply online by April 1, 2025 |
May 1, 2024 | April 15, 2025 | Course conducted online | Online Training | OL 24.136 | French | Apply online by April 1, 2025 |
Nowcasting (NWC)
English (French, Portuguese) | September 16-27, 2024 | In-person Training | Ebene, Mauritius
Apply online by August 16, 2024
Fintech Market Development and Policy Implications (FINTECH)
English (French) | October 14-18, 2024 | In-person Training | Ebene, Mauritius
Apply online by August 16, 2024
Macro-Stress Testing (MST)
English | November 25-29, 2024 | In-person Training | Singapore, Singapore
Apply online by August 16, 2024
Sovereign Risk and Debt Sustainability Framework for Market Access Countries (SRDSF-MAC)
English | October 14-18, 2024 | In-person Training | Singapore, Singapore
Apply online by August 18, 2024
Exchange Rate Policy (ERP)
English | October 27, 2024 - November 7, 2024 | In-person Training | Kuwait City, Kuwait
Apply online by August 18, 2024