dc.contributor.author	Vale, Ricardo
dc.contributor.author	Conceicao, Otavio
dc.contributor.author	Lara Ibarra, Gabriel
dc.date.accessioned	2023-09-27T16:05:26Z
dc.date.available	2023-09-27T16:05:26Z
dc.date.issued	2023-09-01
dc.description.abstract	Consumer price indices are central to monitoring, guiding, and defining a country's economic development path. By capturing how prices change over time, consumer price indices provide a measure of the evolution of the cost of living for households. The impact of price indices on the economy is very broad, affecting everything from the adjustment of pensions to the monetary policy of the Central Bank, from cash transfer programs to private sector contracts. The measurement of inflation has, therefore, real consequences for the country's evolution. In this note, authors study the Brazilian case and focus on the potential fiscal implications of the unavailability of a household budget survey in a timely manner. The note presents two hypothetical exercises that vary the timing at which the national statistical office incorporates updated information from a household budget survey into the CPI. Varying the timing of adoption of the expenditure information allows to create a counterfactual price index that can be compared to the true CPI at different points in time. Finally, using the actual and counterfactual CPI we answer the following question: what would have been the government expenditures should the CPI update have been delayed The note focuses on expenditures on pensions (aposentadorias) due to data availability. Recognizing that there are many other government policies that depend on inflation estimates, the estimates presented can be interpreted as a lower bound of the effect of interest.	en
dc.identifier	http://documents.worldbank.org/curated/en/099091323185031797/P17960304c51680550bf0001d0407ba2486
dc.identifier.doi	10.1596/40407
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/40407
dc.language	English
dc.language.iso	en
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Poverty and Equity Notes; September 2023
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	CONSUMER PRICE INDEX
dc.subject	COST OF LIVING
dc.subject	INFLATION MEASUREMENT
dc.subject	MACROECONOMIC POLICY
dc.title	The Value of Data	en
dc.title.subtitle	An Estimate of the Cost of (Not) Updating Brazil’s Consumer Price Index	en
dc.type	Brief
dspace.entity.type	Publication
okr.crossref.title	The Value of Data: An Estimate of the Cost of (Not) Updating Brazil’s Consumer Price Index
okr.date.disclosure	2023-09-14
okr.date.lastmodified	2023-09-14T00:00:00Z	en
okr.doctype	Report
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099091323185031797/P17960304c51680550bf0001d0407ba2486
okr.guid	099091323185031797
okr.guid	099091323185028566
okr.identifier.docmid	P179603-4c5168a6-30c7-4455-bf00-1d0407ba2486
okr.identifier.doi	http://dx.doi.org/10.1596/40407
okr.identifier.externaldocumentum	34161805
okr.identifier.internaldocumentum	34161805
okr.identifier.report	184884
okr.import.id	1875
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099091323185031797/pdf/P17960304c51680550bf0001d0407ba2486.pdf	en
okr.region.administrative	Latin America & Caribbean
okr.region.country	Brazil
okr.sector	Social Protection
okr.theme	Inclusive Growth,Job Creation,Gender,Human Development and Gender,Data Development and Capacity Building,Economic Policy,Social Protection,Social Development and Protection,Economic Growth and Planning,Institutional strengthening and capacity building,Private Sector Development,Labor Market Policy and Programs,Public Sector Management,Jobs,Social protection delivery systems,Labor Market Institutions
okr.topic	Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topic	Macroeconomics and Economic Growth::Econometrics
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.unit	EFI-LCR-POV-Poverty and Equity (ELCPV)

Publication: The Value of Data: An Estimate of the Cost of (Not) Updating Brazil’s Consumer Price Index

Files

Original bundle

License bundle

Collections

Publication:
The Value of Data: An Estimate of the Cost of (Not) Updating Brazil’s Consumer Price Index