1. Deflation Group and Towards More Coherent Use of Deflators
Lis-Lotta Sjöblom
TF on Price and Volume Measures for Services June , Prague

2. Background Volume-project
Need to develop new production system for volume indicator
Upcoming Index for Service Production (ISP)
Coherence issues
National accounts, volume indicators, also prices
Harmonization of methods
 Harmonization of production systems
 Common price choices and product baskets
Common deflator application
Maintenance of production proceses, sharing information and development work

3. Key Points in Deflation Group
Coherence
Harmonization
Co-operation
Sharing information
Learning
Transparency

4. Members of Deflation Group
Sjöblom Lis-Lotta (chair, ANA)
Hakala Samu (QNA)
Lindroos Ville (ANA)
Nieminen Kristiina (CPI)
Niskanen Aki (STS VOL services)
Pitkänen Anna-Riikka (PPI)
Rautio Kari (STS VOL industrial output)
Sappinen Maija (STS VOL construction)
Suomalainen Milka (STS VOL services)
Tåg Susanna (SPPI)
Uuttu Anu (wage and salary earnings)
Virtanen Ulla (STS VOL industrial output)

5. In Practice
We are all in-house data users as well as in-house data providers
A lot of development projects going on in Statistics Finland – common target
Common interests – e.g. development of service statistics (output by product, prices, deflators, volume)
NA’s ”Leap” – consulting NA users and getting feedback
Common deflator application 

6. 25-26 April 2017

7. 25-26 April 2017

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12. 25-26 April 2017

13. Benefits for Price Statistics
Better knowledge of
Users – use of prices as deflators
NA’s production system – compilation of deflators
NA’s supply and use tables – weights for (S)PPI
NA’s global issues – effect on prices and price collection
Common development issues – e.g. support for developing new price indices and helping with quality issues
Monitoring development projects
Sharing information of ”right” use of prices and volume indicators
Less overlapping work

14. Business Statistics Vs. National Accounts
Source: Eurostat, Globalization TF, 2017

15. Benefits for National Accounts and Volume Indicators
Better knowledge of
price statistics
deflators
volume indicators
methodological issues
Common interests on Eurostat level eg. FRIBS – Understanding of development work of other statistics
To propose development work on most important NA issues