The C.P.I.: A Simple Explanation and Some Words of Warning
AbstractIndexation of wages, pensions and tax scales to allow for inflation requires a reliable measure of the rate of inflation. In Australia the Consumer Price Index (C.P.I.) has been the basis of all official indexation. This paper examines both theoretical and practical problems involved in constructing a C.P.I. and the Australian C.P.I. in particular. Alternative indices of the rate of inflation such as a Wholesale Price Index and an Implicit Price Deflator, are also discussed.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 46 (1978)
Issue (Month): 01 (April)
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Labor and Human Capital;
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- Galatin, Malcolm, 1973. "A True Price Index When the Consumer Saves," American Economic Review, American Economic Association, vol. 63(1), pages 185-94, March.
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