Goni, Edwin; Lopez, Humberto; Serven, Luis - Economics Research, World Bank Group - 2006
Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price … index (CPI) inflation may provide a misleading measure of the inflation actually faced by poor households, more so the more …, Colombia, Mexico, and Peru). They find that in these countries standard CPI inflation typically reflects the inflation rate …