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Implications of rounding and rebasing for empirical analyses using consumer price inflation

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Persistent link: https://www.econbiz.de/10001440483

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Valuing trade in services in Africa

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Valuing services trade within Africa

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Implications of rounding and rebasing for empirical analysis using consumer price inflation

Kozicki, Sharon; Hoffman, Barak - Federal Reserve Bank of Kansas City - 1999

Monthly CPI inflation rates can be spuriously choppy when constructed using the official CPI, rebased with 1982-84=100. The problem can be traced to rounding that occurs when only one digit after the decimal place is reported in rebased CPI data. This paper compares three CPI measures to...

Persistent link: https://www.econbiz.de/10005410810