The Retail Price Index and the Cost-of-Living Index: testing for consistency in theory and practice

This paper tests the published section-level price and weight data used in the compilation of the UK retail price index (RPI) for consistency with the theory of the cost-of-living index. We use a non-parametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency.

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Year of publication:	2004
Authors:	Crawford, Ian ; Image, Isabella
Published in:	Fiscal Studies. - Institute for Fiscal Studies (IFS). - Vol. 25.2004, 1, p. 79-91
Publisher:	Institute for Fiscal Studies (IFS)

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Type of publication:	Article
Classification:	C4 - Econometric and Statistical Methods: Special Topics ; D12 - Consumer Economics: Empirical Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005509232