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Answers to Questions Arising from the RPI Consultation

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  • Diewert, Erwin

Abstract

The National Statistician in the UK opened a public consultation inviting views on a range of options for the way the Retail Prices Index (RPI) in the UK is calculated. The consultation closed on 30 November 2012 and a number of questions were raised on whether the Carli index should be replaced by other elementary indexes. This note responds to some of the questions that were asked.

Suggested Citation

  • Diewert, Erwin, 2013. "Answers to Questions Arising from the RPI Consultation," Economics working papers erwin_diewert-2013-11, Vancouver School of Economics, revised 27 Feb 2013.
  • Handle: RePEc:ubc:bricol:erwin_diewert-2013-11
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    File URL: http://faculty.arts.ubc.ca/ediewert/dp1304.pdf
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    More about this item

    Keywords

    Consumer price indexes; fixed basket indexes; test approaches to index numbers; elementary indexes; the Retail Prices Index (RPI); the Harmonized Inde;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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