Prices Statistics and Index Numbers Course

This one-week course focuses principally on price statistics, but also contains lectures on consumer and producer price indices. The course aims to provide a good understanding, to those working within the National Statistical Systems, of the data requirements to produce common index numbers used in their countries. Their methods of construction, their advantages, and limitation.

In addition, the course contains workshops in which participants gain practical experience with various quantitative exercises designed to help strengthen their understanding of the theoretical elements. It also deals with database management and data processing methods and issues.

TARGET GROUP

Mid- to senior-level officials responsible for and having direct experience with the compilation of at least one of the following price indices: the consumer price index (CPI), the producer price index (PPI), or export and import price indices (XMPIs).

This training is designed for participants who are reasonably proficient in English and have an understanding of basic ICT concepts.

DURATION

5 Days

• Understand the Concept and Importance of Price Statistics
• Understand the aims of Price Statistics
• Learn the Concepts and Use of price indices

Concept and Importance of Price Statistics

• Factors affecting Prices movement
• Factors affected by Prices movement
• Data sources for Price Statistics
• Aim of Price Statistics
• Data collection methods on Prices
  • Sample design for price data collection
  • Steps for selecting commodities
  • Selection of data sources

Price Indices

• Concept and Use
• Constitution of Price Indices
• Identification of goods and services included in price indices
• Identification of data sources
• Data collection methods used in price data collection
• Classification of items within groups
• Determination of relative importance
• Determination of base period
• Source of weights
• Determination of weights
• Updating weights and commodities over time

Types of indices

• Consumer Price Index
• Producer Price Index
• General information about price indexes
• Concept- Scope and Coverage of Consumer Price Indices (CPI)
• Sampling Procedures
• Treatment of seasonal products
• Quality adjustments in general
• Elementary aggregates
• Calculation of higher-level indices
• Operation quality of CPI and chaining procedures
• Data entry process and use of Excel for  Index Calculation

CUSTOMIZED TRAINING

This training can also be customized for your institution upon request. You can have it delivered your preferred location.

For further inquiries, please contact us on details below: 

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobile: +254 725 771 853

REQUIREMENTS

Participants should be reasonably proficient in English.  

TRAINING FEE

The course fees is KES 70,000.00 or USD 1,000.00 exclusive of VAT. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact us below.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobile: +254 725 771 853

PAYMENT   

Payment should be transferred to bank before commencement of training.

Send proof of payment to Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

• All requests for cancellations must be received in writing.
• Changes will become effective on the date of written confirmation being received.