In 1996 the Boskin report (1996) discussed several types of measurement errors in the consumer price index (CPI). The CPI measures the cost of purchasing a ...xed market basket of goods and services. All the goods and services in this basket can be divided over classi...cation levels beginning with major groups like food and beverages, housing, transportation, etc. The CPI calculates the monthl...

A. WHAT IS INFLATION Inflation is one of the most frequently used terms in economic discussions, yet the concept is variously misconstrued. There are various schools of thought on inflation, but there is a consensus among economists that inflation is a continuous rise in the prices. Simply put, inflation depicts an economic situation where there is a general rise in the prices of goods and serv...

Inflation for retirees is different from, and mostly higher than, the widely quoted macroeconomic inflation rate for the population. For example in the U.S. the Consumer Price Index (CPI) has a lesser known cousin called the CPI-E (for the elderly) in which the subcomponent weights are based on the consumption patterns of Americans above the age of 62. This suggests that Inflation Linked Bond F...

Nursing. Any errors are the sole responsibility of the author. Acknowledgement This report uses results from the published medical and economic literature to provide a range of estimates for the annual direct hospital cost of treating healthcare-associated infections (HAIs) in the United States. Applying two different Consumer Price Index (CPI) adjustments to account for the rate of inflation i...

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a representative market basket of consumer goods and services. The CPI for All Urban Consumers (CPI-U) represents the spending habits of about 87 percent of the population of the United States. The CPI for Urban Wage Earners and Clerical Workers (CPI-W), a subset of the CPI-U populatio...

The analysis presented in this report was undertaken to identify those drug entities that account for a significant proportion of the retail expenditures for prescription drugs used by the elderly. Commercial data bases were used to develop fixed weight Laspeyres price indexes based specifically on drugs used in the elderly population. The indexes provide the capability to analyze price trends ...

In this paper, we provide a detailed characterization of the volatility in China Treasury bond market using a sample of 5-min excess return from January, 4, 2000 to February, 28, 2002. We use two-step regression procedure and multivariate GARCH model to show that macroeconomic announcements is an important source of the volatility in China Treasury Bond market. Among the various announcements, ...

This paper provides a review of the concept of core inflation and evaluates the performance of several proposed measures. We first consider the rationale of a central bank in setting its inflation goal in terms of a selected rate of consumer price growth and the use of a core inflation measure as a means of achieving this long-term policy objective. We then discuss desired attributes of a core ...

OBJECTIVES This study aimed to assess the extent of any fall in recommended retail prices (RRPs) of tobacco products sold in Australia following the 2012 implementation of plain packaging. METHODS RRPs published in price lists by the New South Wales Retail Tobacco Traders Association covering the months of November 2011, November 2012 and November 2013 were recorded for all listed brands and ...

Interest in the measurement of infl ation has increased signifi cantly in recent years for a number of reasons. First, infl ation rates have fallen signifi cantly since the early 1980s. Second, many central banks have adopted infl ation targets. The combination of these two factors has increased the importance of accurate measurement. Third, rapid quality improvements, particularly in the infor...