The Consumer Price Index: A Research Agenda and Three Proposals
نویسندگان
چکیده
منابع مشابه
Some proposals to improve the Consumer Price Index
The Consumer Price Index is a good index for its intended purpose-a measure of average price changes in the goods and services that consumers purchase . Some of the complaints made-that the CPI does not reflect the price changes for this or that group properly-are a misinterpretation of the purpose of the CPI and would not provide desirable guidelines for revising the index. Nor would any of th...
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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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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 1998
ISSN: 0895-3309
DOI: 10.1257/jep.12.1.69