English

Price Statistics (PRS)

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Invitation
Course No.: SA 18.39
Location: Kathmandu, Nepal
Date: October 1, 2018-October 5, 2018 (1 Week)
Language: English

Target Audience:

Government of Nepal 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).

Qualifications:

Participants are expected to have a degree in economics, statistics, mathematics, or a related field, engage in regular compilation or use of price statistics, and have proficiency in Microsoft EXCEL.

Course Description:

This course offers an opportunity to learn the concepts, principles, sources, and methods used to compile price statistics, such as the consumer price index (CPI) and producer price index (PPI). The course covers fundamental features of price indexes, the strengths and weaknesses of common index formulae, the sources and methods used for compiling price index weights, and price indices, including how to handle missing data and link rebased indexes. The course discusses presenting index results and producing narratives of price index developments. Finally, the course will address specific concerns identified with the Nepal price statistics.   

Participants' questions/concerns will be invited and discussed throughout.

Course Objectives:

Upon completion of this course, participants should understand and work with:
  • The fundamental structure of price indices.
  • The sources and methods to compile price index weights.
  • The basic price index formulae, their biases, and shortcomings.
  • The international classification structure for the CPI and PPI.
  • The sources and methods for compiling the CPI and PPI, including handling issues such as missing products, product substitution, outlet closure, outlet substitution, quality change, and linking rebased indexes.
  • Common tools for interpreting price statistics.

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.