1. 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

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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)

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Main movements on:
PPP
X-rates CC

4. Staff Housing Expenditure (SHE BXL)

5. Staff Housing Expenditure (SHE DS)

6. 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.

7. UN P2P surveys (1/2)

8. UN P2P surveys (2/2)

9. 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)

10. 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

11. OECD ISRP PPP

12. OECD ISRP PPP SWITZERLAND

13. OECD ISRP PPP Geneva Bern

14. OECD ISRP PPP Geneva Bern

15. P2P / Consumer Price Indexes ISRP

16. P2P / CPI Balkans

17. P2P / CPI TAIWAN

18. Duty Stations with no CCs

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

20. Xrates Mvts (% changes / Jan 2014)

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

22. PPP Mvts (% changes / Jan 2014)

23. Number DS with CC> 100 and €/US$.

24. 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

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