Estimating Price Relatives for the U.s. Consumer Price Index When Priced Items Are Restratified
نویسنده
چکیده
Approximately every 10 years the fixed market basket of commodities and services supporting the Consumer Price Index is updated in a process referred to as a revision of the index. Samples of specific items in the fixed market basket are selected within a newly designed, stratified sample of geographic areas on a continuing rotation basis. The prices of the specific items are quoted every month by representatives of the Bureau of Labor Statistics.
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