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 DisseminationStandards Bulletin Board Reviews of the Fund's Data Standards' Initiatives (Reviews) Special Data Dissemination Standard Site (SDDS) Introduction Metadata Data What's New Contact Us General Data Dissemination System Site (GDDS) Data Quality Reference Site (DQRS) |
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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Unit description: June 2002 second fortnight =100.
Data are disseminated on the NCPI, a Laspeyres index (June 2002 second fortnight = 100) covering urban consumers living in towns with more than 20,000 inhabitants.
Price information is gathered from 15,000 retail outlets and 5,000 rental housing units, 190,000 prices are gathered each month for 315 generic products and services in 46 cities. For food items, daily information is obtained; for non-food items, bi-weekly observations are obtained. Rents are collected every six months. Data are not seasonally adjusted. | |||||||||||
| Periodicity | 4.1.1 Periodicity Twice a month. | |||||||||||
| Timeliness | 4.1.2 Timeliness Within 10 days of the end of the reference period. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | 5.1.3 Advance release calendar An advance release calendar giving one-quarter ahead notice of the precise release date is disseminated on the Dissemination Standards Bulletin Board of the IMF http://dsbb.imf.org/Applications/web/dsbbhome/ | |||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The data are made available to public and private institutions at the same time, by a press release named "Los precios en la quincena o mes de referencia" (Prices during the reference fortnight or month). It is disseminated simultaneously via the Internet http://www.banxico.org.mx/PortalesEspecializados/inflacion/inflacion.html | |||||||||||
| Integrity | ||||||||||||
| Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information | 0.1.1 Responsibility for collecting, processing, and disseminating statistics Banco de México The Banco of México is an autonomous body which operates under the Banco de México Law of December 1993. The law authorizes the Banco de México to publish economic and financial statistics. Article 62 (1) states the following: " The Banco de México shall be entitled, in conjunction with other competent authorities, to prepare, collect, and publish economic and financial statistics, operate information systems based thereon, and collect the data necessary for such purposes." Price index: Consumer prices Banco de México is an autonomous body which operates under the Banco de México Law of December 1993. The law authorizes Banco de México to publish economic and financial statistics. Article 62 (1) states the following: " Banco de México shall be entitled, in conjunction with other competent authorities, to prepare, collect, and publish economic and financial statistics, operate information systems based thereon, and collect the data necessary for such purposes." 0.1.2 Data sharing and coordination among data producing agencies Banco de México The Banco de México has ensured sufficient information interchange with other public agencies and private entities, through both, formal (primarily the establishment of committees) and informal (working meetings) arrangements.Price index: Consumer prices Banco de México has ensured sufficient information interchange with other public agencies and private entities, through both, formal working meetings (primarily the establishment of committees) and informal arrangements (working meetings).0.1.3 Confidentiality of individual reporters' data Banco de México Data are provided in aggregated form. Confidentiality is maintained with respect to institutions, individuals, and enterprises.Price index: Consumer prices Data are provided in aggregate form. Confidentiality is maintained with respect to institutions, individuals, and enterprises. 0.1.4 Ensuring statistical reporting Banco de México The Law makes it mandatory for financial institutions to report to the Banco de México any data on their operations and spells out the penalties to be applied for noncompliance. There is continuous communication between the Banco de México and reporting entities to solve noncompliance problems and the Banco de México provides adequate support for the preparation of information returns.0.2.1 Staff, facilities, computing resources, and financing Banco de México Banco de México has human, financial, and information technology resources to compile the statistics for which it is responsible.Price index: Consumer prices Banco de México has human, financial, and information technology resources to compile the statistics for which it is responsible.0.3.1 Monitoring user requirements Banco de México Banco de México does not conduct regular user surveys. However, includes at the Website a comments and/or suggestions page.Price index: Consumer prices Banco de México does not conduct regular user surveys. However, includes at the Website a comments and/or suggestions page, and regularly takes into account the most frequent questions from the users.0.4.1 Quality policy Banco de México A quality assurance system has been established (under the ISO 9001:2000 Quality Certification) in several statistical categories. Price index: Consumer prices A quality assurance system has been established (under the ISO 9001:2000 Quality Certification) in several statistical categories. This instrument has contributed to reduce human error and identifies opportunity areas for continuous improvement. 0.4.2 Quality monitoring Banco de México The ISO 9001:2000 Quality Certification includes an audit program in accordance with a preestablished schedule. Price index: Consumer prices The ISO 9001:2000 Quality Certification includes an external audit program in accordance with a given schedule (usually twice a year). 1.1.1 Impartiality of statistics Banco de México The legal framework governing the Banco de México ensures the autonomy of staff members assigned to the compilation of statistics and professional competence.Price index: Consumer prices The legal framework ruling Banco de México ensures the autonomy of staff members assigned to the compilation of statistics and professional competence.1.1.2 Selection of sources, methodology, and modes of dissemination Banco de México The selection of data sources is dictated purely by statistical considerations.Price index: Consumer prices The selection of data sources is dictated purely by statistical considerations.1.1.3 Commenting on erroneous interpretation and misuse of statistics Banco de México Banco de México holds periodic meetings with the media to avoid erroneous interpretations of statistics and, in major cases, of improper interpretation.Price index: Consumer prices Banco de México holds periodic meetings with the media to avoid erroneous interpretations of statistics and, in a major case of erroneous interpretation, publishes the appropriate consideration to clarify the situation.1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Banco de México The Banco de México Law is published only in Spanish, a print version is included in the 1993 Annual Report. It is also available on the Internet website, click here . An unofficial English translation is available on the Internet website of the Banco de México, click here. Price index: Consumer prices Banco de México is obligated by law to disseminate data on the consumer price index (decree published in the Diario Oficial de la Federación (Official Gazette) of July 28th 1989). The Law is available on the Internet http://www.banxico.org.mx/sitioingles/tipo/disposiciones/index.html
1.3.1 Guidelines for staff behavior Banco de México The Banco de México Law states that Banco de México staff members are subject to the provisions of the Federal Law on the Administrative Responsibilities of Civil Servants. Price index: Consumer prices Banco de México Law states that staff members are subject to the provisions of the Federal Law of Administrative Responsibilities of Civil Servants. | |||||||||||
| Identification of internal government access to data before release | 1.2.2 Internal governmental access to statistics prior to release Banco de México Banco de México does not give any national authority access to the statistics before their release.Price index: Consumer prices Banco de México does not give any Government authority access to the statistics before their release. | |||||||||||
| Identification of ministerial commentary on the occasion of statistical releases | 1.2.3 Attribution of statistical products Banco de México Banco de México identifies itself as a statistics-producing agency in monetary and consumer price statistics. Banco de México identifies itself as a statistics-disseminating agency in exchange rate, interest rate and stock market statistics.
Price index: Consumer prices Banco de México identifies itself as a statistics-producing agency in monetary and consumer price statistics.
Banco de México identifies itself as a statistics-disseminating agency in exchange rates, interest rates and stock market statistics. | |||||||||||
| Provision of information about revision and advance notice of major changes in methodology | 4.3.1 Revision schedule Data are final when first released.1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Banco de México Banco de México announces in advance methodological statistical techniques or source data change it uses.Price index: Consumer prices Banco de México announces in advance methodological, statistical techniques or source data changes when they are introduced.
The data are final when first released. Whenever there are changes in the methodology used to compile the index, they are made public by press release prior to publication of the results. The public is informed of changes in methodology at the time the changes are introduced. Changes are announced by press release prior to publication of the results. In addition, a summary of such methodological changes is published in the "Diario Oficial de la Federación" along with the results. | |||||||||||
| Quality | ||||||||||||
| Dissemination of documentation on methodology and sources used in preparing statistics | 5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques A summary of the methodology followed is available in http://www.banxico.org.mx/eInfoFinanciera/ FSinfoFinanciera.html includes special issues related to the last base change. English version is in: http://www.banxico.org.mx/PortalesEspecializados/inflacion/inflacion.html Prices used each month in the preparation of the index are published in the "Diario Oficial de la Federación." The weights applied in calculating the index are available on the Internet: http://www.banxico.org.mx/PortalesEspecializados/inflacion/inflacion.html (See also summary methodology) | |||||||||||
| Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness | 4.2.1 Internal consistency Through this page price indexes series are available up to the generic level both in a national scope and by city. For most series there is complete information from the year 1969 onwards. | |||||||||||
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