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CURRENT PERIOD (IN PRICE INDEX CALCULATION)

Statistics Directorate    
Definition:
In principle, the “current” period should refer to the most recent period for which an index has been computed or is being computed. However, the term is widely used to refer to any period that is compared with the price reference or index reference period. It is also widely used simply to mean the later of the two periods being compared. The exact meaning varies according to the context.

Context:
The term is widely used to mean the ‘comparison period’: that is, the period that is compared with the ‘base period’, usually the price reference or index reference period. (Revision of the ILO Manual on CPI, Draft Glossary, CPI Technical Expert Group, December 2002.

Source Publication:
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC.

Hyperlink:
http://www.imf.org/external/np/sta/tegppi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Monday, February 17, 2003

Last updated on Friday, December 02, 2005