The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Compiling a Producer Price Index” in Beirut, Lebanon from August 1-4, 2016. The workshop was attended by 14 representatives of the Central Administration of Statistics (CAS) in Lebanon.
The workshop provided an overview of the concepts and methods used to compile a producer price index (PPI), which is key for improving national account statistics. Discussions and practical exercises emphasized the practical application of international standards and best practices. Topics focused on country-specific needs and objectives to support the development of a PPI for Lebanon. To facilitate the way forward, the design of data collection questionnaires and the implementation of outreach activities to raise awareness of the PPI were discussed.
METAC is planning to support the technical assistance needs of CAS in their efforts to develop the new PPI.
Source: National News Agency