Proposition of a hybrid price index formula for the Consumer Price Index measurement
نویسندگان
چکیده
منابع مشابه
Measurement Bias in the Canadian Consumer Price Index: An Update
The total CPI measurement bias is estimated to be about 0.5 percentage point per year over the 2005–11 period, consistent with the Bank’s earlier findings. Slightly more than half of this bias is caused by the fixed nature of the CPI basket of goods and services. More frequent updates of the weights that are used in the basket would reduce this error by more accurately reflecting changes in s...
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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...
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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...
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Estimates of sampling errors are of importance for survey designers when allocating sample sizes, in production as a tool for output editing and for users of statistics in decision making. The use of two-dimensional designs with elements of non-probability sampling methods, annually updated samples and complex estimators creates problems when estimating sampling variances for CPI-statistics. In...
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This paper presents estimates of the sampling variance of price change for an experimental scannerbased Consumer Price Index for cereal for the New York Consolidated Metropolitan Statistical Area. Variances are presented for 1-, 2-, 6-, and 12-month price change lags, using a stratified jackknife methodology. In section one the official CPI and scanner-based geometric price index estimators are...
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ژورنال
عنوان ژورنال: Equilibrium
سال: 2020
ISSN: 2353-3293,1689-765X
DOI: 10.24136/eq.2020.030