In the evolving landscape of global economics, the harmonization of consumer prices and the standardization of classifications for individual consumption are pivotal. The workshop presents the essential tools and knowledge to accurately capture the changes in economic statistics.
The sessions provide a comparative analysis between HCPI (Harmonized Consumer Prices Index) and CPI (Consumer Price Index) in Arab countries, and an in-depth overview of the data requirements essential for accurately computing the HCPI while explaining the process of building it. It sheds light on the computation methodology for the regional HCPI, detailing the dissemination policy.
The sessions also tackle the implementation of the new COICOP 2018 (Classification of individual consumption by purpose), shedding light on substantial alterations and the introduction of new items, in comparison with the COICOP 1999 framework and explore the obstacles countries face when transitioning to the new version.