Price indices

Objectives

  1. Describe how to develop and produce price indexes.
  2. Introduce other types of price indexes.
  3. Identify issues related specifically to price index compilation
  4. Describe the design, data collection, compilation

Up to 15 hours

Outcomes

  • Statisticians understand the process of setting up a system for producing a stable, reliable price index.
  • Statisticians understand the practical aspects of PPI compilation, and can design a PPI compilation system
  • Compilers understand the practical aspects of CPI compilation, and can design a CPI compilation system

Exercises

  1. Given suitable data, statistician develop a weighting scheme for a CPI, and design a suitable sampling scheme for both outlets and products.
  2. Identify a future programme for rebasing the CPI, including required data and a time line for the development

Materials

Price Indices
Session I presentation
Session II presentation
Session III presentation
Session IV presentation
Session V presentation
Session VI presentation
Session VII presentation
Session VIII presentation

Up to 15 hours