RETA 6482 – 2009 Purchasing Power Parity Updates

The 2009 Purchasing Power Parity Updates is a research initiative under RETA 6482 - Improving Price Collection of Non-Household Expenditure Components and Updating PPP Estimates for Selected DMCs which aims to provide alternative methods for updating the 2005 benchmark PPP to 2009.

RETA 6482 intends to address challenges from the 2005 ICP by building on the momentum of the 2005 round and capitalizing on the benefits of capacity-building steps taken by national statistical offices to ensure sustainability of the ICP framework for non-benchmark years.  Addressing these concerns is seen to increase the leverage and readiness of ADB’s developing member countries (DMCs) in the region for the next round of benchmark ICP targeted in 2011, and develop a methodology for updating PPPs during non-benchmark years.

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