PRODUCER PRICE INDEX, CONSUMER PRICE INDEX AND FISCAL POLICY: 1996-2020 PERIOD AND TURKEY

The Consumer Price Index and index number purpose1

The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of prices for the same group of commodities; (2) as a consumption deflator; i.e., the price change component for a decomposition of a value ratio into price and qu...

An Introduction to Consumer Price Index Methodology

1.1 A price index is a measure of the proportionate, or percentage, changes in a set of prices over time. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index c...

The revised Consumer Price Index: changes in definitions and availability.

The release of the January 1987 Consumer Price Index (cpi) in February will introduce updated market baskets that reflect population distributions from the 1980 census of population and spending patterns from the 1982-84 Consumer Expenditure Survey . This release will be part of a 5-year program to update the cpi market basket and incorporate numerous technical enhancements . t Although the cpi...

House Price Index Methodologies

The Effects of Rounding on the Consumer Price Index

The Bureau of Labor Statistics rounds the Consumer Price Index (CPI) to a single decimal place before releasing it, and the published CPI inflation series is calculated from those rounded index values. While rounding has only a relatively small effect on the level of the CPI series at present, it can have a significant effect on CPI inflation, the monthly percent changes in the CPI. This paper ...