IDEAS home Printed from https://ideas.repec.org/a/pal/imfstp/v41y1994i3p526-532.html
   My bibliography  Save this article

Drift in Producer Price Indices for the Former Soviet Union Countries

Author

Listed:
  • François I. Lequiller

    (International Monetary Fund)

  • Kimberly D. Zieschang

    (International Monetary Fund)

Abstract

This paper shows that, under the price fluctuations that characterize most transition economies, the commonly used chain index derived from the published month-to-month price change of the producer price index (PPI) in most cases dramatically overstates the rate of price inflation. This drift, which is due to the use of a nonstandard formula, could affect any price index compiled with the same nonstandard formula. The drift declines with slower rates of inflation but is still important for countries in which monthly inflation continues to run at nearly 10 percent.

Suggested Citation

  • François I. Lequiller & Kimberly D. Zieschang, 1994. "Drift in Producer Price Indices for the Former Soviet Union Countries," IMF Staff Papers, Palgrave Macmillan, vol. 41(3), pages 526-532, September.
    • Handle: RePEc:pal:imfstp:v:41:y:1994:i:3:p:526-532
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/3867440?origin=pubexport
    File Function: main text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:imfstp:v:41:y:1994:i:3:p:526-532. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.