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Some proposals to improve the Consumer Price Index。
Revision of the Consumer Price Index now under way
Consumer Price Index under way Revision
2009/5/20
Upon completion in 1987, the revised CPI will reflect current population and spending patterns, as well as an improved housing survey and other technical enhancements.
The Consumer Price Index for January 1987 will incorporate some new series and will reflect changes in several old series; the availability of some indexes will be affected.
Beginning with January 1987 estimates, the Consumer Price Index reflects changes in Americans' spending patterns since 1972-73; the new index permits more accurate tracking of price changes throughout...
The Consumer Price Index：underlying concepts and caveats
The Consumer Price Index cost-of-living index
2009/5/6
To properly use the Consumer Price Index, one must understand its relationship to an ideal cost-of-living index and the problems of implementation. This article reviews how the theory of the cost-of-l...
In this article, experimental Laspeyres, Paasche, and Fisher price indexes are derived for poor consumers. The minimal differences between these indexes and the Consumer Price Index for All Urban Cons...
Publication strategy for the 1998 revised Consumer Price Index
Publication strategy 1998 revised Consumer Price Index
2009/4/27
The introduction of a new geographic area sample, a revised item structure, and updated expenditure weights for the Consumer Price Index must be accounted for in the CPI's publication strategy. In a n...
Changing the item structure of the Consumer Price Index
Consumer Price Index consumer marketplace
2009/4/27
The changes in the 1998 CPI market basket will reflect and anticipate shifts in the consumer marketplace. This revision will result in more substantial changes to the item structure. Not only will the...
Overview of the 1998 revision of the Consumer Price Index
1998 revision Consumer Price Index
2009/4/27
The current revision of the Consumer Price Index encompasses changes ranging from reselecting areas, items, and outlets, to new systems for data collecting and processing. These projects and changes a...
Using survey data to assess bias in the Consumer Price Index
Consumer Price Index Panel Study of Income Dynamics survey data
2009/4/22
In a previous paper, William Nordhaus provided an estimate of the bias in the Consumer Price Index by comparing the net proportion of families that report an improvement in their financial situation w...
Consumer inflation was higher in 2004, reflecting higher prices for energy, new and used motor vehicles, and shelter.
The Bureau of Labor Statistics rounds the Consumer Price Index (CPI) to a single decimal place before it is publicly released. Because the actual changes in the CPI have been small recently (the rate ...
The experimental consumer price index for elderly Americans (CPI-E)：1982–2007
consumer price index 1982–2007 elderly Americans
2009/3/18
Over the 25 years from December 1982 to December 2007, the experimental consumer price index for Americans 62 years of age and older (CPI-E) rose somewhat faster than the CPI-U and the CPI-W, mainly b...
Addressing misconceptions about the Consumer Price Index
Consumer Price Index misconceptions key economic indicator
2009/3/18
A number of longstanding myths regarding the Consumer Price Index and its methods of construction continue to circulate; this article attempts to address some of the misconceptions, with an eye toward...