Botswana hosted a seminar on the Consumer Price Index (CPI) Workshop. The four day symposium began on 10th -14th February 2020 in Gaborone at the Hilton Gardens Hotel and was sponsored by the International Monetary Fund (IMF).
The workshop attracted participants from Angola, Comoros, Eswathini, Lesotho, Namibia, Mauritius, South Africa and Zimbabwe among others. The participating countries are part of group known as Afritac South which is an IMF initiative. Botswana as a host country had the honour of having the Statistician General Dr. Burton Mguni delivering the welcome remarks.
In delivering his speech Dr. Mguni highlighted the sacrosanct role of the Organization as thus “It is the duty of National Statistics Offices (NSOs) to produce relevant, quality and timely statistics that are fit for purpose and are in accordance with international standards and best practices. Close collaboration between NSOs and local as well as international stakeholders such as AFRITAC South contributes significantly towards fulfilling this mandate”.
The interaction come at the backdrop of a recent rebasing exercise. Statistics Botswana Consumer Price Index was rebased from September 2006 to September 2016, until last year (2019) when it rebased to December 2018.The SB crew tapped on this exercise to make fruitful contributions to the discussions. The modules that were deliberated on included;
• Why reweighting and Rebasing
• Lower and upper level indexes
• Source data for weights: Household data survey
The workshop has set to inculcate in Statisticians a culture of not only to deliver accurate CPI reports but also to guide members that have, or might seek, access to international capital markets in providing sound and prompt data to the public.
Three participants from Statistics Botswana took part in the workshop; Ms. Zibo Albert, Mr. Rejoyce Mbalekelwa, Mr. Daniel Magogwe and Mr. Tetelo Thuo.