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Tips for Defining Index Codes and Index Names
You must enter an Index Code and Name for an index when entering it into the system using the Define Indexes task. It is important that these names be unique, and clearly identify the index. The following topic provides some suggestions for entering values for Index Codes and Index Names, so that they easily identify and clearly distinguish the indexes you use.
Index Code
The Index Code is an alpha-numerical code used for quick identification of the index. The acronym for the index, including the region and time aggregation for the data, where applicable, is commonly included in the Index Code.
For example:
| Suggested Index Code | Used for... |
|---|---|
| HICP – FR | Harmonized Index of Consumer Prices – France |
| CPIU- US-M | Consumer Price Index – All Urban Consumers, Monthly |
| CPIU-US-Y | Consumer Price Index – All Urban Consumers, Yearly |
| CPIU-US-HY | Consumer Price Index – All Urban Consumers, Half Year Averages |
The Index Code you enter is used throughout the system to identify the index, so it is best to use the official code, or use the following best practices for naming:
- Start your index code with a short abbreviation, such as HICP or CPI.
- If you need to define indexes with similar names, but which aggregate data for different time periods, use the following abbreviations to indicate the time period for which the data is aggregated:
- Y= Yearly Average
- H or HY = Half Year
- Q = Quarterly Average
- M = Monthly
- If your index is for a specific country, include the acronym for that country at the beginning or end of the Index Code. For example, use the ISO country codes: FR for France, US for United States, DE for Germany.
- If you need to further differentiate index versions, add a number at the end of the Index Code. For example, 01 or 02.
Index Name
The Index Name further identifies the index. It is best to use either the name specified in the Lease Agreement, or the official name used by the issuing authority.
Examples:
- Consumer Price Index - All Urban Consumers, Monthly
- Consumer Price Index - All Urban Consumers, Yearly Average
- Harmonized Index of Consumer Prices – France
- Harmonized Index of Consumer Prices – EU average
- Monetary Union Index Of Consumer Prices