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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Data are disseminated on the NPPI, a Laspeyres index (December 2003 = 100), based on a monthly survey covering 27,000 direct prices at 3,600 enterprises making up a representative sample of all economic activities throughout the national territory; the basket for the index is made up of 600 generic products; the structure of the weights applied is based on year 2001 production values. Producer price index weights were changed in years 1980, 1994 and 2003. | |||||||||||
| Periodicity | 4.1.1 Periodicity Monthly | |||||||||||
| Timeliness | 4.1.2 Timeliness Within 10 days 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 dates 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, in the press release named “La inflación en el mes de Referencia" (Inflation during the reference month) and in electronic publications. 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: Producer prices Banco of 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: Producer prices Banco de México has ensured enough 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: Producer 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.Price index: Producer prices The Law makes it mandatory for financial institutions to report to Banco de México any data on their operations and issues the penalties to be applied for noncompliance. There is continuous communication between Banco de México and reporting entities to solve noncompliance problems and Banco de México provides adequate support for information submitting.
The data on producer prices are disseminated by the Banco de México as a service to the general public. 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: Producer 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: Producer 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: Producer 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: Producer 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: Producer 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: Producer prices The selection of data sources is chosen under 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: Producer prices Banco de México holds periodic meetings with the media to avoid erroneous interpretations of statistics and, in a major case of such situation, publishes the appropriate remarks to clarify the misunderstanding.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: Producer prices Banco de México Law is published only in Spanish; a printed version is included in the 1993 Annual Report. It is also available on the Internet website, http://www.banxico.org.mx/tipo/disposiciones/index.html An unofficial English translation is available on the Internet website of Banco de México, http://www.banxico.org.mx/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: Producer 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: Producer 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: Producer 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 All NPPI results are subject to revision after original publication to include information from late reports or price corrections. Usually, oil aggregates are revised every month since these are provided by the source with a preliminary character.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: Producer 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. | |||||||||||
| 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 to compile the index is described in: http://www.banxico.org.mx/gPublicaciones/FSPublicaciones.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 All the series, data for 600 generic products and services in the basket, 275 classes of activity, and 70 branches, and methodology, are given in Internet. (http://www.banxico.org.mx/gPublicaciones/FSPublicaciones.html). | |||||||||||
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