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Measurement Bias in the Canadian Consumer Price Index

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Author Info
James Rossiter
Abstract

The consumer price index (CPI) is the most commonly used measure of inflation in Canada. As an indicator of changes in the cost of living, however, the CPI is subject to various types of measurement bias. The author updates previous Bank of Canada estimates of the bias in the Canadian CPI by examining four different sources of potential bias. He finds that the total measurement bias has increased only slightly in recent years to 0.6 percentage points per year, and is low when compared with other countries.

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File URL: http://www.bankofcanada.ca/en/res/wp/2005/wp05-39.pdf
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Publisher Info
Paper provided by Bank of Canada in its series Working Papers with number 05-39.

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Length: 38 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:bca:bocawp:05-39

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Related research
Keywords: Inflation et prix; Cibles en matière d'inflation;

Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Erwin Diewert & Denis Lawrence, 1999. "Measuring New Zealand’s Productivity," Treasury Working Paper Series 99/05, New Zealand Treasury. [Downloadable!]
  2. Diewert, W Erwin, 1998. "Index Number Issues in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 47-58, Winter. [Downloadable!] (restricted)
  3. Timothy Beatty & Erling Røed Larsen, 2005. "Using Engel curves to estimate bias in the Canadian CPI as a cost of living index," Canadian Journal of Economics, Canadian Economics Association, vol. 38(2), pages 482-499, May. [Downloadable!] (restricted)
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This page was last updated on 2009-11-24.

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