Compiling a Services Producer Price Index using IMF developed Price Index Processor Software Niall...

Compiling a Services Producer Price Index using IMF developed

Price Index Processor Software

Niall O’Hanlon, CSO Ireland

Content

• Current SPPI compilation in Ireland• Outline of PIPS software primarily using

screenshots• Initial CSO experience of PIPS• Future developments

Work in Progress!

Interim Processing using Excel

PIPS software

• http://www.unece.org/stats/downloads/SW_CPI_PPI/pips.html

• Software, source code, manual and discussion forum.

• Software is Visual Basic running on Microsoft Windows. Database stored on Microsoft Access, SQL or SQL Express.

Main Menu Screen

Data Check: Used before index compilation to check for errorsData Check: Used before index compilation to check for errors

Review Data: Before Index CompilationReview Data: Before Index Compilation

Compile: Allows Index CompilationCompile: Allows Index Compilation

TS Report: Allows for Times Series Reports to be compiledTS Report: Allows for Times Series Reports to be compiled

System Config: Allows users to set up database properties.System Config: Allows users to set up database properties.

Add New: Allow users to enter new establishmentsAdd New: Allow users to enter new establishments

Edit: Allows users to edit establishment details/products details and enter price information

Edit: Allows users to edit establishment details/products details and enter price information

System Configuration Screen

Establishment Screen

This allows you to enter company products

This allows you to enter company products

This allows you to enter multiple establishments at one time through Excel upload

This allows you to enter multiple establishments at one time through Excel upload

Establishment Batch Upload Screen

Entering Weight/Product/Transactions

Transaction List created by user to represent the items company are pricing.

Transaction List created by user to represent the items company are pricing.

Company Weight entered here – turnover of company

Company Weight entered here – turnover of company

Transaction weightTransaction weight

Click to enter prices of transactions

Click to enter prices of transactions

Click to add new product groupClick to add new product group

Price Input Screen: Option 1

You can select the period to enter price for by selecting Set Compilation Date on this screen

You can select the period to enter price for by selecting Set Compilation Date on this screen

Click on Pink Button to enter prices via Option 2Click on Pink Button to enter prices via Option 2

Price Input Screen: Option 2

You can set this to reflect your threshold system for validation

You can set this to reflect your threshold system for validation

Allows you to add new month to insert priceAllows you to add new month to insert price

Price Preview Screen

Detection of Outliers

Compilation of Indices

Time Series Report

CSO Experience

• We are still testing! Hope to move to parallel running over the next few months.

• If everything goes to plan we would like to use PIPS exclusively from the 2010 rebase.

• This would involve some changes to our methodology.

• Some issues such as monthly periodicity• User friendly, flexible and stable

Some suggestions for future development

Further refinement and support by the community of users

• Quarterly periodicity option• General support• Enhancements to the Manual including an

Excel based work through of a sample index