Consumer price index (CPI) data are essential inputs for sound policies. Policymakers require reliable measures of price change to make sound policy decisions. In addition, wages, salaries, government payments, pensions, rent, and other payments are indexed to the CPI and require accurate estimates of inflation. Learn the key concepts and compilation methods required to compile sound data using the best available methods.
What you'll learn
understand key concepts of the consumer price index
learn methods for compiling CPI data
analyze the significance of accurate inflation estimates
Course objectives
equip students with the knowledge to compile accurate CPI data
highlight the importance of CPI in economic policies