18th Meeting of the Ottawa Group on Price Indices

May 13 – 15, 2024

AUGUST 2-3

May 13 – 15, 2024

NO TRAVEL NEEDED

Ottawa, Canada

LEARN & NETWORK

Learn & Network

About the Event

Welcome to the 18th meeting of Ottawa Group. The Ottawa Group is a city group set up under the auspices of the United Nations Statistical Commission. The meeting will be hosted by Statistics Canada and Bank of Canada from Monday to Wednesday, May 13 – 15, 2024. This meeting will also mark 30 years since the Ottawa Group was formed in 1994. We will celebrate this important milestone of the Ottawa Group with a special panel discussion on the state of research and practice of CPI methodology and challenges ahead.

Key Discussion Points


The topics for discussion at the meeting include, but are not limited to, the following:

Agenda

Program

May 13, 2024 08:30

Registration and Continental Breakfast

All in-person sessions will take place at the Bank of Canada, in the Conference Centre. To enter the Bank, please use the entrance to the Bank of Canada Museum, located at 30 Bank Street (corner of Bank and Wellington Streets) and bring a piece of government-approved photo identification. 

May 13, 2024 08:45

Welcome & Housekeeping Remarks

May 13, 2024 08:50

Opening Remarks

Jennifer Withington (Assistant Chief Statistician, Statistics Canada)

May 13, 2024 09:00

Session 1: Alternate data sources and index number formulas I

Presentation 1: Inflation measurement with high frequency data | Kevin Fox, Peter Levell and Martin OConnell (University of New South Wales - Australia), Institute for Fiscal Studies (UK), University of Wisconsin-Madison (US)). 

Presentation 2: For I Was Conscious That I Knew Nothing At All | Jens Mehrhoff (International Monetary Fund).

May 13, 2024 10:00

Refreshment Break

May 13, 2024 10:30

Session 2: Alternate data sources and index number formulas II

Presentation 1: Combining Hedonic with Multilateral Indexes for Turnover and Chain Drift in Transactions Data Consumer Price Indexes
Gregory Kurtzon (Bureau of Labor Statistics, US).

Presentation 2: A comparison of rolling window-based and similarity-linked multilateral indices using Canadian scanner data 
Zachary Glazier and Clément Yélou (Statistics Canada).

Presentation 3: The choice between bilateral and multilateral index for scanner data: Case study on Austrian grocery scanner data 2022-2023
Adam Tardos (Statistics Austria)

May 13, 2024 12:00

Photo Session and Lunch

May 13, 2024 13:30

Session 3: Alternate data sources, quality adjustment methods and index number formulas

Presentation 1: Product Churn and Quality Adjustment: Using Scanner data of Laptop in Japan 
Erwin Diewert and Chihiro Shimizu (The University of British Columbia, Hitotsubashi University) 

Presentation 2: Seasonal adjustment of CPIs during the COVID-19 pandemic and beyond: main insights from NSO experience
Tom Arend, Jarmila Botev, Emmanuelle Guidetti, Annabelle Mourougane and Minsu Park (OECD)

Presentation 3: A practical implementation of Machine Learning Methods for Price Imputation 
Botir Radjabov, Lucien May, Yu-Lin Huang and Claude Lamboray (STATEC, Luxembourg)

Presentation 4: Outlier detection for grocery scanner data in Consumer Price Statistics
Mario Spina and Liam Greenhough (Office for National Statistics, ONS)

May 13, 2024 15:15

Break

May 13, 2024 15:45

Session 4: Index number theory and practice

Presentation 1: Product Churn and the GEKS-Törnqvist Price Index: The "Feenstra Adjustment" 
Jan de Haan and Frances Krsinich (International expert and Statistics New Zealand)

Presentation 2: Multilateral Approaches in Inflation Measurement: Why Does the TPD Method Fail Us and Can We Do Something About It? 
Ludwig von Auer and Sebastian Weinand (Universität Trier, Eurostat) 


Presentation 3: Higher-Level Aggregation with Long-Term Links - An Application to the Swedish CPI 

Olivia Ståhl (Statistics Sweden)


Presentation 4: A new elementary index the equal share counterpart of the Walsh index 
Yuri Dikhanov (World Bank)

May 14, 2024 08:55

Welcome & Housekeeping

May 14, 2024 09:00

Session 5: Challenging areas of price measurement and update by UN scanner data task team

Special update: UN Task Team on Scanner Data 2024 Update 
Tanya Flower, Serge Goussev and Federico Polidoro 

Presentation 1: A framework for the games of chance index calculation in the HICP 
Pavel Belchev (Eurostat)


Presentation 2: A measure for the similarity of time series 
Bernhard Goldhammer (European Central Bank) 


Presentation 3: Exploring the Impact of Differences in Price Quotations on Elementary Indices in Consumer Price Index (CPI): Lessons Learned from Missing Quotations in Rural Areas and Biased Imputation with Urban Data
Kabeli Mefane (Statistics Lesotho)

May 14, 2024 10:30

Poster Session and Coffee Break

Parallel poster presentations.

May 14, 2024 10:30

Workshop hosted by the UN Task Team on Scanner Data

Practical overview on compiling consumer price indices with alternative data: best practices on key topics faced by NSOs
Leads: Tanya Flower, Serge Goussev and Federico Polidoro

May 14, 2024 12:30

Lunch and side meeting of the SC Members

May 14, 2024 13:30

Session 6: Price statistics that meet multiple user needs

Presentation 1: Is it still possible to publish a single consumer price index that satisfies all needs? 

Corinne Becker (Office fédéral de la statistique, Switzerland)


Presentation 2: Age, Income and Region Specific CPI, and Consumption Inequality 

Naohito Abe and Noriko Inakura (Hitotsubashi University (Japan), Shikoku University (Japan)) 


Presentation 3: Data collection frequency and inflation uncertainty 

Luigi Palumbo and Tiziana Laureti (Statistics Italy)


Presentation 4: HICP and national CPI in Germany - as similar as possible, as different as needed 

Thomas A. Knetsch, Dilyana Popova and Patrick Schwind (Deutsche Bundesbank).


May 14, 2024 15:15

Break

May 14, 2024 15:45

Session 7: Analytical or complementary measures of inflation

Presentation 1: Estimating shrinkflation in the traditional data collection and by using scanner data 

Alessandro Brunetti, Tiziana Laureti and Federico Polidoro (Statistics Italy and World Bank) 


Presentation 2: Beyond the CPI: Producing analytical measures of inflation using outputs from the CPI 

Leigh Merrington (Australian Bureau of Statistics)


Presentation 3: Online price data, high frequency inflation measures, and formulation of monetary policy in New Zealand 

Alan Bentley, Karsten Chipeniuk and Frances Krsinich (Statistics New Zealand)


Presentation 4: Timely updates of weights for the Brazilian Personal Consumption Expenditures Index

André Furtado Braz, Matheus Souza Peçanha and Paulo Picchetti (Instituto Brasileiro de Economia – Fundação Getulio Vargas (IBRE/FGV)) 

May 15, 2024 08:55

Welcome & Housekeeping

May 15, 2024 09:00

Session 8: Alternate data sources and index number formulas III

Presentation 1: Mitigating the impact of misclassification on price statistics when applying machine learning for classification of data from alternative sources

William Spackman, Christian Ritter, Serge Goussev, Greg DeVilliers (Statistique Canada) 


Presentation 2: Statistics Canada's methodology for integrating transaction data in the cellular services price index 

Joseph Waihenya, Maria Rosario Reyes and Clément Yélou (Statistics Canada)


Presentation 3: Evolution of the GEKS index

Jacek Białek (Statistics Poland and University of Lodz) 

May 15, 2024 10:15

Break

May 15, 2024 10:45

Session 9: Treatment of housing in the CPI

Presentation 1: Exploring different index methods for short-term rentals 

Ken Van Loon (Statistics Belgium)


Presentation 2: Measuring Rental Price Changes for Prospective Tenants Using Rental Listings Microdata 

Huang and Wang (Statistics Canada)


Presentation 3: Modelled rental prices and their effect on price indices Using electronic data for the rent index: child's play?

Ben Hillman and Tony Liu (Office for National Statistics, UK)


Presentation 4: Using electronic data for the rent index: childs play? 

Corinne Becker and Muriel Mundwiler (Office fdral de la statistique, Switzerland)

May 15, 2024 12:30

Lunch

May 15, 2024 13:30

Special Session: Panel Discussion on the State of Research and Practice of CPI Methodology and Challenges Ahead

Chair: David Fenwick 

Panel members: 

•  Erwin Diewert (University of British Columbia)

•  Jan de Haan (International Price Statistics Expert)

•  Randi Johannessen (Statistics Norway)

•  Jens Mehrhoff (IMF)

May 15, 2024 14:45

Break

May 15, 2024 15:00

Report 2024 Meeting

May 15, 2024 15:20

Anouncement of the 2026 OG Meeting

May 15, 2024 15:25

Closing Remarks

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please contact Statistics Canada.