European Parliament Library

Suriname :, Technical Assistance Report – CARTAC Report on the Price Statistics Mission

Abstract
This Technical Assistance Report on Suriname constitutes technical advice provided by the staff of the IMF to the authorities of Suriname in response to their request for technical assistance. The mission discussed issues concerning the consumer price index (CPI), the producer price index (PPI) and export price index (XPI). On the CPI, the mission reviewed current practices and provided some recommendations. The main recommendations are to switch from a Dutot to a Jevons index on the elementary aggregate level and to start publishing the CPI according to the Classification of Individual Consumption according to Purpose on a class level provided the number of items permits. On the planned PPI and XPI, the discussion focused on available data sources and next steps for developing a PPI for Suriname. Reliable price statistics are essential for informed economic policymaking by the authorities. They also provide the private sector, foreign investors, rating agencies, and the public in general with important inputs in their decision-making, while informing both domestic economic policy and IMF surveillance
Table Of Contents
Cover -- Contents -- Glossary -- Executive Summary -- DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS -- I. Consumer Price Index -- A. Coverage, Weights and Classifications -- B. Price Collection -- C. Index Compilation -- D. Index Publication -- II. Producer Price Index and Export and Import Price Indexes -- A. Scope, Coverage, Source for Weights, Next Steps -- Tables -- 1. Suriname's Previous and Updated CPI Weights April-June 2009 and April-June 2016 -- 2. Treatment of Missing Values of Food and Non-alcoholic Beverages in the CPI -- 3. Example on the Effect of the Quantity Adjustment Method -- Appendixes -- 1. Unit Measurement, Time Reversal, and Transitivity Tests for Elementary Aggregate Indexes and Reflection to Extreme Price Changes -- 2. Illustration of Consistency in Aggregation, Using Monetary Units (MU) for Weighing
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (17 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780148436541

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