El INE cambiará la metodología de cálculo del IPC, el que comenzará a aplicarse en enero de 2024

Guatemala is updating its Consumer Price Index (CPI) through a new household income and expenditure survey, with guidance from international organizations. The main objective is to adjust the base year of the measurement to reflect significant changes in consumption patterns and purchasing habits resulting from the recent pandemic, which is crucial to ensure that the inflation rate accurately represents the current economic reality. This update is vital for the transparency and quality of public data, as the previous index was based on data from more than a decade ago. By incorporating current preferences and consumption patterns, the National Institute of Statistics will provide more accurate information for calculating GDP, the basic food basket, and poverty assessment. This methodological improvement ensures that economic and social decisions are grounded in up-to-date statistical evidence, strengthening confidence in national metrics. Guatemala’s case resonates throughout Central America, where several countries still operate with data bases that are more than ten or even twenty-three years old, far exceeding international standards that recommend updates every five years. The relevance to the open data movement lies in the critical need for government statistics that are not only accessible but also relevant and accurate. Without up-to-date data, public policies and economic analysis risk being disconnected from social reality, underscoring the importance of periodicity in generating public information.

Source: prensalibre.com
Published on 2023-03-29