Comment on CPI Biases

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Comment on CPI Biases

Author Info

Diewert, W.E.

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Walter Erwin Diewert

Abstract

The paper discusses various sources of bias in the U.S. CPI. Available research indicates that the U.S. Consumer Price Index overstated inflation approximately 1.3 to 1.7% per year during the past decade.

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Publisher Info
Paper provided by UBC Department of Economics in its series UBC Departmental Archives with number 96-07.

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Length: 14 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:ubc:bricol:96-07

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Paper
- Diewert, W. Erwin, . "Comment On CPI Biases," Old UBC Departmental Papers 9607, UBC Department of Economics. [Downloadable!]

Find related papers by JEL classification:
C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

Cited by:
(explanations, 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.)

Jan Hanousek & Randall K. Filer, 2004. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," William Davidson Institute Working Papers Series 2004-681, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
Other versions:
- Jan Hanousek & Randall K. Filer, 2002. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," Hunter College Department of Economics Working Papers 02/8, Hunter College: Department of Economics. [Downloadable!]
- Hanousek, Jan & Filer, Randall K, 2004. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," Economic Development and Cultural Change, University of Chicago Press, vol. 53(1), pages 235-54, October.
Zvi Griliches, 1997. "The Commission Report on the Consumer Price Index (panel discussion)," Review, Federal Reserve Bank of St. Louis, issue May, pages 169-173. [Downloadable!]

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