New Consumer Price Index Manual 2025 to Deepen Understanding of Vital Economic Indicator
The Consumer Price Index (CPI), a pivotal economic indicator, is set to be demystified further with the upcoming release of the Consumer Price Index Manual: Theory, 2025. This comprehensive guide, a successor to the 2020 manual, delves into the intricacies of CPI construction, ensuring its reliability, credibility, and international comparability.
The new manual, to be published jointly by six leading international organizations including the IMF and the World Bank, equips statisticians, economists, and policymakers with a deeper understanding of the science behind CPIs. It covers the four main approaches to index number theory, quality adjustment methods, seasonal products, and the treatment of owner-occupied housing. Additionally, it explores the chain drift problem and multilateral indices, providing empirical examples based on actual data.
The 2025 edition also highlights how new data sources and evolving statistical techniques are transforming CPI compilation. It serves as a definitive global reference on the economic and statistical foundations of CPI measurement, guiding monetary policy, wage adjustments, and fiscal decisions worldwide.
The Consumer Price Index Manual: Theory, 2025 is a vital resource for understanding and constructing reliable CPIs. Its publication by international organizations ensures its global relevance and impact on economic policy.
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