Republic of the Marshall Islands: Technical Assistance Report-Consumer Price Index Mission (January 15-26, 2024)
Republic of the Marshall Islands: Technical Assistance Report-Consumer Price Index Mission (January 15-26, 2024)
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Volume/Issue:
Volume 2024
Issue 048
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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , Consumer price index , CPI , price statistics , macroeconomic statistics , inflation , monetary policy , Republic of the Marshall Islands , , CPI basket , IMF's Statistics department , consumer price index mission , instrumentalities of the CD recipient , index series , CPI data entry workbook , Consumer price indexes , Household consumption
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Summary
A technical assistance (TA) mission was undertaken with the Economic Policy, Planning and Statistics Office (EPPSO) of the Republic of the Marshall Islands (RMI) between January 15–26, 2024. The mission assisted the EPPSO to update their consumer price index (CPI). The tasks completed included resampling the basket of goods and services and estimating new expenditure weights. The new weights are based on the results of the 2019/2020 household income and expenditure survey (HIES). An action plan for updating the CPI was developed and agreed with the authorities.
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