INTRODUCTION

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.

Who Should Attend

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).

DURATION

5 Days

COURSE LEVEL: Foundation

Course Objectives

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

Course Outline

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 

Course Administration Details:

METHODOLOGY

The instructor-led training is delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

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

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected].  

Mob: +254 715 077 817

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817.

Mob: +254 792516000, +254 792516010 or mail [email protected]

PAYMENT

Payment should be transferred to IRES account through bank before the course start date

Send proof of payment to [email protected]

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