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Core CPI: excluding food, energy ... and used cars?

Author Info

Listed author(s):
  • Richard Peach
  • Karen Alvarez

Abstract

Although used car prices represent only a small portion of the consumer price index, their extreme volatility has had a major impact on the measured inflation rate. To explain this relationship, the authors describe how used cars are treated in the CPI and explore what might cause the wide swings in used car prices.

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Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): 2 (1996)
Issue (Month): Apr ()
Pages:

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Handle: RePEc:fip:fednci:y:1996:i:apr:n:v.2no.4
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Keywords: Automobile industry and trade ; Consumer price indexes;

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  1. repec:ucp:bknber:9780226304557 is not listed on IDEAS
  2. Genesove, David, 1993. "Adverse Selection in the Wholesale Used Car Market," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 644-665, August.
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Cited by:

  1. Sylvain Prado, 2010. "A Family Hitch : Econometrics of the New and the Used Car Markets," EconomiX Working Papers 2010-4, University of Paris West - Nanterre la Defense, EconomiX.

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