Index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has … alternative methods. Our results suggest the use of the CCDI index with a new method, the “mean splice”, for updating …

The UK’s Retail Prices Index (RPI) was established in 1956 and updated regularly since then, and up until 2004 it was … the country’s only general consumer prices index. In that year the UK version of the European Union’s Harmonised Index of … Consumer Prices was renamed the Consumer Prices Index (CPI) and made the inflation target for the Bank of England, and from …

for samples which are re-selected annually. Thus our results provide strong support for more frequently updating index …

In this paper, we examine the stochastic structure of a consumer price index and its inflation that ultimately provides … the basis for monetary policy and other contracting fulfillments. The index is the broad monthly consumer price index, IPC … the mean price level. The effects differ conditional on the weights attached to each component of the index. At the high …

variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best … to that of the base period. It is shown that a wide range of index formulas can be interpreted in this way, including the …

multilateral index number methods for computing month-to-month inflation. …

-of-living index (COLI). To this end, I construct a simple dynamic model, in which goods are storable and nonresalable, and prices take … neither index satisfies both monotonicity and the time reversal test …

policy) rely on accurate measures of price change. Unfortunately, the price index formulae that most price statisticians … consumer price index. …

individual holiday destination.The paper analyses the possibilities and challenges in compiling a price index out of transaction …. Moreover, various index aggregation methods are analysed, which include hedonic regressions, stratification, and also a … multilateral index method. Applied to six major holiday destinations for German travellers, all transaction-based methods under …

index number methods like the CPDmethod and the GEKS method are utilised for the aggregation of the price data into higher …-level indices. Although the two index number methods produce differing price level estimates when prices are missing, the present … the GEKS method. Using price data of Germany's Consumer Price Index, it can be observed that more narrowly defined …