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A Method for Statistically Determining Inflation – Calculating the “General Index Of Inflation” (IGI)

Author

Listed:
  • Vasile V. Dumitrescu
  • Gheorghe Savoiu

Abstract

e can do the actual quantifying of inflation by exploiting a general index (IGI) by performed using an aggregate Laspeyres index that capitalizes on a set of six specific indices, out of which the general index of consumer prices (CPI) should hold an important but not also unique place, transforming this statistical construct into an interpret index whose area is much broader, being also based on aggregation coefficients previously determined in a rigorous manner. This is the theme, and hence the solution the present paper offers in order to measure inflation in an exhaustive statistical manner, in point of coverage and starting from the gross income of the population (VBTP). The alternative defines a joint project of the authors, described theoretically in another paper published in this journal (RRS, Supplement no. 10/2016) addressing the need for a general inflation index (IGI).

Suggested Citation

  • Vasile V. Dumitrescu & Gheorghe Savoiu, 2016. "A Method for Statistically Determining Inflation – Calculating the “General Index Of Inflation” (IGI)," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(11), pages 12-20, November.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:11:p:12-20
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