Price Statistics (PRS)

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Course No.: SA 18.13
Location: Delhi, India
Date: January 15, 2018-January 19, 2018 (1 Week)
Language: English

Target Audience:

Government of India officials (compilers and intensive users) who would benefit from gaining new, or refreshing existing, knowledge of the concepts, principles, sources, and methods used to compile price statistics, such as the consumer price index (CPI) and the producer price index (PPI).


Participants should have a degree in economics or statistics or equivalent experience.

Course Description:

This workshop, presented by the IMF Statistics Department, offers an opportunity to learn the concepts, principles, sources, methods, and general framework used to compile the CPI, PPI,  and other price indices. will cover fundamental elements of price index compilation that follow best practice presented in international manuals. Coverage will include: defining the scope (or universe) of an index; stratifying an index’s universe with an appropriate classification scheme; developing samples for the strata; compiling appropriate weights; designing and deploying pricing surveys; compiling indices with the best index formulas; publishing indices and metadata; and keeping all of these elements up to date.
The workshop follows the principles and recommended practices in the CPI (2004), PPI (2004), and XMPI (2009) manuals.

Course Objectives:

Upon completion of this course, participants should be able to:

  • Apply the principles of price index theory.
  • Assess how well a price index meets international guidelines for best practice.
  • Apply methods for dealing with such index compilation challenges as unavailable items, quality change, and keeping an index up to date.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.