Training Catalog Session Details

Compilers of consumer price indexes (CPIs).

Participants are expected to have a degree in economics or statistics; or equivalent experience.

This course, presented by the Statistics Department, is intended to broaden participants’ understanding of the concepts, methods, and challenges of compiling CPIs. Concepts and methods introduced in the online CPIx are explored in greater detail to address actual compilation issues faced by participants. It provides an overview of the index number theory and the practical implications of choosing the index number formula at lower and higher levels of aggregation. The course covers the sources and methods for developing/validating weights; and practical applications of the methods used for sampling areas, items, outlets, and varieties. New and emerging data sources as well as new collection technologies are discussed. Frontier issues including how to better measure the digital economy are included. Linkages to the 2008 SNA are highlighted, including the related principles of scope, coverage, and valuation. The course covers the following topics:  calculating elementary and upper-level indexes;  methods for handling temporarily and permanently missing prices;   introducing new outlets, items, and varieties;  adjusting prices for quality changes;  chaining and linking indexes with updated weighting structures; and  meeting data users’ needs to ensure relevancy. The course follows the principles and recommendations of the CPI Manual (2020).