No document Ag.no.10 Extra-Union Work Working Group on Article 64 and Article 65 of the Staff Regulations Meeting in Luxembourg 26th & 27th March 2015

Content of this presentation 1/2 Staff Housing Expenditure (SHE) Place to Place surveys (P2P) UN (United Nations) OECD ISRP (International Service for Remunerations and Pensions) Consumer Price Indexes (CPI) UN HICP (ECP) NSI / CB IMF (NSI: National Statistical Institutes, CB: Central Banks, IMF: International Monetary Fund)

Content of this presentation 2/2 Main movements on: PPP X-rates CC

Staff Housing Expenditure (SHE BXL)

Staff Housing Expenditure (SHE DS)

Staff Housing Expenditure Comments: Since 2010, common weights are applied for all the Duty Stations. From 2016: New weights, from SHE BXL will be applied New weights, from SHE DS, are under evaluation following collaboration with UN.

UN P2P surveys (1/2)

UN P2P surveys (2/2)

UN P2P Summary 2013, 20 UN P2P processed 2014, 20 UN P2P processed 2 rejected Singapore (Car & Domestic Service) D R Congo (No Domestic Service)

OECD ISRP PPP 2014: 9 DS processed using new approach. 2015: 9+1 DS to be processed (+ New-Zealand) ISRP 80 BHs mapped to 57 Extra-EU BHs Received for every result package, twice / year No rejection, fully applied

OECD ISRP PPP

OECD ISRP PPP SWITZERLAND

OECD ISRP PPP Geneva Bern

OECD ISRP PPP Geneva Bern

P2P / Consumer Price Indexes ISRP

P2P / CPI Balkans

P2P / CPI TAIWAN

Duty Stations with no CCs

DS with no UN NSI or CB(Central bank) CPI.

Xrates Mvts (% changes / Jan 2014)

CC Mvts (% changes / Jan 2014) 2009 US subprime crisis 2011 Mars Japan Tsunami

PPP Mvts (% changes / Jan 2014)

Number DS with CC> 100 and €/US$.

What next with X-rates: US (New-York) January CC = 100.2 At PPP Constant, Feb CC=1.219/1.1315=>107.7 CH (Geneva or Bern) January CC = 124.1 At PPP Constant, Feb CC=1.493/1.0372=>144.0 If € X-rate tendency is kept (Depreciation), an increase of DS with CC>100 should be observed

Many thanks for your attention Delegates are invited to comment on this presentation.