Suriname: Technical Assistance Report – CARTAC Report on the Price Statistics Mission

July 31, 2018

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Format: Chicago

Suriname: Technical Assistance Report – CARTAC Report on the Price Statistics Mission, (USA: International Monetary Fund, 2018) accessed December 30, 2024

Summary

This Technical Assistance Report on Suriname constitutes technical advice provided by the staff of the IMF to the authorities of Suriname in response to their request for technical assistance. The mission discussed issues concerning the consumer price index (CPI), the producer price index (PPI) and export price index (XPI). On the CPI, the mission reviewed current practices and provided some recommendations. The main recommendations are to switch from a Dutot to a Jevons index on the elementary aggregate level and to start publishing the CPI according to the Classification of Individual Consumption according to Purpose on a class level provided the number of items permits. On the planned PPI and XPI, the discussion focused on available data sources and next steps for developing a PPI for Suriname. Reliable price statistics are essential for informed economic policymaking by the authorities. They also provide the private sector, foreign investors, rating agencies, and the public in general with important inputs in their decision-making, while informing both domestic economic policy and IMF surveillance.

Subject: Consumer price indexes, Consumption, Export price indexes, National accounts, Prices, Producer price indexes

Keywords: Caribbean, Consumer price index, Consumer price indexes, Consumption, CPI weight, CR, Export price indexes, GBS consumer price index section, I. consumer price index, Import price indexes, Index reference period, ISCR, Price, Producer price index, Producer price indexes, Suriname

Publication Details

Pages:

16
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/201
Stock No:

1SUREA2018001
ISBN:

9781484364109
ISSN:

1934-7685

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