Introduction of the Harmonised Consumer Price Index in Armenia | EUNewsletter

Introduction of the Harmonised Consumer Price Index in Armenia

13 July 2012
4267

With the assistance of the Armenian National Statistics Service and within the framework of the EU “Forwarding Armenian Statistics through Twinning” project, a seminar on the Harmonized consumer price index contribution to Armenia was held on 12 July 2012.
The seminar was organised by EU experts, with assistance from the Danish, Lithuanian and Latvian central statistic bureaus, to inform both the beneficiaries of the consumer price index and professional consumers. The representative of the EU Delegation in Armenia, Jean-Christophe Gayrand, stressed that statistics is very important for transparency and accountability to the public.
Discussions during the seminar were based on revealing the importance of Harmonised Index of Consumer Prices (HICP) on determinist statistics of inflation and economic development, as well as differences and volumes between the HICP and the national consumer part indexes and their goals. The main issue of the agenda was the reorganisation of the data accumulation processes of the existing national consumer prices index. During the seminar, the experts presented their research findings on the influence of methodological changes.
“Forwarding Armenian statistics through twinning” is a two-year EU Twinning project with a budget of 1 million Euro, aimed at harmonising areas of Armenian statistics with EU standards.

Introduction of the Harmonised Consumer Price Index in Armenia

With the assistance of the Armenian National Statistics Service and within the framework of the EU “Forwarding Armenian Statistics through Twinning” project, a seminar on the Harmonized consumer price index contribution to Armenia was held on 12 July 2012. The seminar was organised by EU experts, with assistance from the Danish, Lithuanian and Latvian central statistic bureaus, to inform both the beneficiaries of the consumer price index and professional consumers. The representative of the EU Delegation in Armenia, Jean-Christophe Gayrand, stressed that statistics is very important for transparency and accountability to the public. Discussions during the seminar were based on revealing the importance of Harmonised Index of Consumer Prices (HICP) on determinist statistics of inflation and economic development, as well as differences and volumes between the HICP and the national consumer part indexes and their goals. The main issue of the agenda was the reorganisation of the data accumulation processes of the existing national consumer prices index. During the seminar, the experts presented their research findings on the influence of methodological changes. “Forwarding Armenian statistics through twinning” is a two-year EU Twinning project with a budget of 1 million Euro, aimed at harmonising areas of Armenian statistics with EU standards.