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Theory and practice of harmonised indices of consumer prices (hicp)

 

theory and practice of harmonised indices of consumer prices (hicp)

Course Leader

Mari YLÄ-JARKKO

Target Group

  • Statisticians of CPI/HICP departments in National Statistical Institutes involved in the production of CPI/HICP with one to two years of experience on CPIs

Entry Qualifications

  • Sound command of English
  • One-two years of experience on CPIs
  • Participants are expected to take actively part and to interact during the theoretical and practical session of the training

Objective(s)

  • Aims at enhancing the theoretical and practical knowledge related to the HICP, based on the HICP Methodological Manual and other HICP guidance material
  • Describes the purpose, use and construction of HICP
  • Participants become familiar with the standard methods, the specific HICP requirements, as well as with recent developments such as the use of scanner data

Contents

  • Background of the HICP, legal reference and requirements
  • Theory and practice of price index
  • Sampling, sources and methods
  • Web-scraping, scanner data and other data collection
  • Index compilation, theory and practice
  • Weighting methods
  • Quality adjustment, validation
  • New data sources and index compilation methods
  • Dissemination principles
  • Use of HICP

Expected Outcome

  • Become familiar with the basic principles of indices, use of indices and advantages of HICP
  • Learn basic concepts of indices and background theories
  • Learn how to calculate indices based on different principles
  • Learn how to make good use of indices in macro-economic statistics

Training Methods

  • Lectures with slide-presentations (and video)
  • Case studies, practical exercises and discussions. The participants are expected to be actively involved in the course.
  • Presentations and lectures
  • Group work in exercises
 

Required Reading

None

Suggested Reading

  • https://ec.europa.eu/eurostat/web/hicp/methodology -webpage, especially Harmonised Index of Consumer Prices Methodological Manual and Recommendations
  • HICP basic act (European Parliament and Council Regulation (EU) 2016/792) and implementing act (Commission Regulation (EU) 2020/1148)

Required Preparation

None

Trainer(s)/
Lecturer(s)

Mari YLÄ-JARKKO (Statistics Finland)

Kristiina NIEMINEN (Statistics Finland)

Martin BIRGER LARSEN (Statistics Denmark)

Antonio A.G. CHESSA (Statistics Netherlands)

Practical Information

When

Duration

Where

Organiser

Application  via National Contact Point

27-30.09.2021

4 days

Helsinki, Finland

ICON-INSTITUT Public Sector GmbH

Deadline: 02.08.2021