Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3

Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3–14, 2023)

March 18, 2024

Preview Citation

Format: Chicago

Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3–14, 2023), (USA: International Monetary Fund, 2024) accessed December 22, 2024

Summary

A technical assistance (TA) mission was conducted by the statistics department of the IMF in May 2023 to assist the Somalia National Bureau of Statistics (SNBS) with updating the Consumer Price Index (CPI). Preliminary consumer basket was created during the mission with expanded coverage, and the higher aggregate weights were calculated using the updated classification of individual consumption by purpose (COICOP 2018). Somali Integrated Household Budget Survey (SIHBS) 2022 was used as a main source for calculating preliminary CPI weights. The index compilation methodology was reviewed and recommendations for improvements were provided.

Subject: Consumer price indexes, Expenditure, International organization, Monetary policy, Prices

Keywords: Consumer Price Index (CPI), Consumer price indexes, CPI weight, CPI weights, Entry system, Household budget survey, IMF executive directors, Price collection., Reference period, Somalia, World Bank staff

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Technical Assistance Report No. 2024/022
Stock No:

TAREA2024022
ISBN:

9798400271175
ISSN:

3005-4575

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