Olivia, Susan; Gibson, John - In: Bulletin of Indonesian Economic Studies 49 (2013) 1, pp. 85-101
To measure real income growth over time, a price index is needed to adjust for changes in the cost of living. The consumer price index (CPI) is often used for this task; but several country studies show that it is a biased measure of such changes, leading to potentially inaccurate estimates of...