Global CPI Guide: 'Consumer Price Index Manual: Theory, 2025' Coming Soon
The upcoming 'Consumer Price Index Manual: Theory, 2025' is set to be a definitive global guide on the economic and statistical foundations of CPI measurement. This manual, a joint publication by six leading international organizations, is expected to provide empirical examples based on actual data for upper-level index calculation formulae. It will serve as a comprehensive guide for statistical offices and agencies on CPI construction methods and practices.
The manual, a successor to the 'Consumer Price Index Manual: Concepts and Methods' (2020), will cover a wide range of topics crucial to understanding CPI construction. These include index number theory, quality adjustment methods, seasonal products, durable goods, owner-occupied housing, the chain drift problem, and multilateral indices. The CPI, a highly influential economic indicator, guides monetary policy, wage adjustments, and fiscal decisions worldwide. The new manual will equip statisticians, economists, policymakers, and data users with a deeper understanding of the science and choices behind CPIs. It will also highlight how new data sources and evolving statistical techniques are transforming CPI compilation. Despite the lack of a known organization called the International Währungs- und Kreditkommission, such manuals are typically supported by organizations like the OECD, UN, World Bank, Eurostat, and ILO, which often collaborate to develop global statistical standards. The exact release date of the 'Consumer Price Index Manual: Theory, 2025' is not yet known, as such publications often follow a careful review and coordination process.
The 'Consumer Price Index Manual: Theory, 2025' promises to be an invaluable resource for anyone involved in CPI measurement, analysis, or policy decisions. Its publication, expected in the coming years, will provide a comprehensive understanding of the theoretical and practical aspects of CPI construction, ensuring the reliability, credibility, and international comparability of this vital economic indicator.
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