Incorporating Non-traditional Data Source into Official Statistics - The case of Consumer Prices Indexes

Incorporating Non-traditional Data Source into Official Statistics - The case of Consumer Prices Indexes

Date: 
Wednesday, May 27, 2020
Type: 
Public information and advocacy materials
Abstract

This publication is the lessons and experiences from Australia, Japan and New Zealand in case of Consumer Prices Indexes.

Consumer Price Indexes (CPIs) are one of the highest profile official statistics produced by any National Statistical Office (NSO). CPIs measure the changing price of the goods and services that households buy. While internationally there some differences in the concepts and methods used to compile CPIs, they are generally used for similar purposes in most countries. These purposes include: being a tool for monetary policy, an economic indicator, and being used for the indexation of contracts and government transfer payments.

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