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An Overview of Experimental U.S. Consumer Price Indexes

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  • Moulton, Brent R
  • Stewart, Kenneth J

Abstract

The Consumer Price Index (CPI) has come under intense scrutiny in recent years. To help assess potential differences between what the CPI measures and how it is used for various purposes, the Bureau of Labor Statistics has created a series of experimental price indexes. This article contrasts how the CPI is currently constructed with those experimental indexes. Specifically, experimental CPIs have been constructed for two population groups, older Americans and poor Americans. In addition, experimental geometric-mean and superlative indexes have been developed that move the CPI away from its traditional 'fixed-market-basket' concept.

Suggested Citation

  • Moulton, Brent R & Stewart, Kenneth J, 1999. "An Overview of Experimental U.S. Consumer Price Indexes," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(2), pages 141-151, April.
    • Handle: RePEc:bes:jnlbes:v:17:y:1999:i:2:p:141-51
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    Cited by:

    1. Carlos Garcimartín & Jhonatan Astudillo & André Martínez, 2021. "Inflation and income distribution in Central America, Mexico, Panama, and the Dominican Republic," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 315-339, February.
    2. Lieu, Pang-Tien & Liang, Jung-Hui & Chen, Jui-Hui, 2008. "Consumer preferences and cost of living in Taiwan," Journal of Asian Economics, Elsevier, vol. 19(3), pages 224-235, June.
    3. Ignazio Drudi, 2002. "The treatment of substitution bias in consumer price index: An alternative approach," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 11(3), pages 395-404, October.

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