Consumer Price Index Fundamentals
Learn to compile and analyze consumer price index data using best practices based on the 2020 CPI Manual from IMF experts.
Learn to compile and analyze consumer price index data using best practices based on the 2020 CPI Manual from IMF experts.
Master the essentials of Consumer Price Index compilation and analysis through this comprehensive IMF course. Learn key concepts, calculation methods, and practical applications based on the 2020 CPI Manual. Understand sampling techniques, index formulas, and methods for handling missing data. Perfect for policymakers, economists, and professionals working with inflation metrics and economic indicators.
4.8
(6 ratings)
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What you'll learn
Understand key concepts and definitions of Consumer Price Index
Master different index calculation formulas and their applications
Learn sampling methods and their practical implementation in CPI
Apply techniques for handling missing price data effectively
Develop skills in introducing new CPI weights and creating continuous data series
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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Module Description
This comprehensive course covers the fundamentals of Consumer Price Index compilation and analysis. The curriculum explores key CPI concepts, index calculation formulas, and sampling methodologies. Participants learn about different methods for handling missing prices, updating weights, and creating continuous time series data. The course emphasizes practical applications in economic policymaking, particularly monetary policy, and explores how CPI impacts various financial adjustments including wages, rents, and social security benefits.
Fee Structure
Instructors
1 Course
Accomplished Price Statistics Expert Leading Global CPI Methodology Development
Brian Graf is a senior economist in the Real Sector Division of the IMF's Statistics Department, bringing over 25 years of expertise in developing and improving price statistics across various countries. Joining the IMF in December 2010, Graf previously served as Chief of the Division of International Technical Cooperation at the US Bureau of Labor Statistics (BLS), where he began his career in 1995. His significant contributions to the field include serving as editor of the Consumer Price Index Manual: Concepts and Methods and Consumer Price Index Theory, as well as co-chairing the technical expert group for the CPI Manual update. Graf's role extends to the Inter Secretariate Work Group on Price Statistics, where he continues to shape global standards in price index methodology. His work at the IMF focuses on enhancing price statistics methodologies and providing technical assistance to member countries, making him a key figure in the development and implementation of international standards for consumer price indices.
1 Course
Distinguished Expert in International Economic Statistics and Measurement
Jennifer Ribarsky serves as Deputy Division Chief in the Real Sector Division of the IMF's Statistics Department since 2018, bringing over 25 years of expertise in national accounts and balance of payments statistics. Her career spans prestigious institutions, including leadership roles at the OECD as Section Chief of Sectoral National Accounts and various positions at the U.S. Bureau of Economic Analysis, where she served as Deputy Division Chief of the Balance of Payments Division and Chief of the Investment, Foreign Trade and Prices Branch in the National Accounts Division. Her significant contributions include co-chairing the Eurostat-OECD Task Force on Land and other Nonfinancial Assets and editing crucial compilation guides on Land Estimation and Inventories. Currently, she co-chairs the Marketing Assets Task Team for the 2025 System of National Accounts implementation and focuses on measuring globalization, digitalization, and other aspects of statistical methodology for official statistics. Ribarsky's expertise is evidenced through her numerous publications, including working papers, guidance notes, and contributions to the Guide to Measuring Global Production, establishing her as a leading authority in international economic statistics and measurement methodology.
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4.8 course rating
6 ratings
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