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The Effects of Rounding on the Consumer Price Index

Williams, Elliot D. - Bureau of Labor Statistics, Department of Labor - 2006

the published CPI inflation series is calculated from those rounded index values. While rounding has only a relatively … percent changes in the CPI. This paper estimates the impact of rounding error on the published CPI inflation for both … levels to three decimal places would reduce these discrepancies to under 0.5%. Further, the variance introduced by rounding …

Persistent link: https://www.econbiz.de/10005406802

Measuring inflation in the EU in times of COVID-19

Lamboray, Claude; Evangelista, Rui; Konijn, Paul - In: Eurostat review on national accounts and macroeconomic … (2020), pp. 35-51

The COVID-19 crisis had a major impact on the measurement of inflation around the world, as price observation in shops became impossible and some markets completely closed down. This article looks at the measures taken during the crisis in 2020 to ensure the continued compilation of the European...

Persistent link: https://www.econbiz.de/10012429644

Measuring inflation in the EU in times of COVID-19

Lamboray, Claude; Evangelista, Rui; Konijn, Paul - In: Eurostat Review on National Accounts and Macroeconomic … (2020), pp. 35-51

Persistent link: https://www.econbiz.de/10015192767

Is Inflation Heterogeneously Distributed Among Income Groups?

Mehrhoff, Jens; Breuer, Claus Christian - 2010

Inflation rates of more than 3% in Germany during some months in the spring and summer of 2008 have been giving rise to claims from both politicians and the unions for social measures for welfare recipients. It is argued that the burden of inflation is heterogeneously distributed among different...

Persistent link: https://www.econbiz.de/10010270762

Owner-occupied housing costs and bias in the Irish consumer price index

McCarthy, Colm - 2007

The treatment of owner-occupied housing costs is a recurring problem in the construction of consumer price indices, and there are competing methodologies. In the most widely-used Irish index, the Payments Approach, which attaches a weight to a term involving historical house prices and an...

Persistent link: https://www.econbiz.de/10010272360

A rental-equivalence index for owner-occupied housing in West Germany 1985 to 1998

Kurz, Claudia; Hoffmann, Johannes - 2004

In this paper, we review the German practice of imputing the costs of owner-occupied housing by increasing the relative weight of actual rents in the CPI. As the structure of owner-occupied housing differs substantially from that of rental housing, this variant of the imputation method may cause...

Persistent link: https://www.econbiz.de/10010295635

Biases in cross-spave comparisons through cross-time price indexes: the case of Russia

Gluschenko, Konstantin - 2006

Lacking data on price levels across locations (countries, national regions, etc.) for crossspace comparisons, researchers resort to local consumer price indexes (CPIs) over time to evaluate these levels.This approach unfortunately fails to specify, even generally, the exactness of such...

Persistent link: https://www.econbiz.de/10012148512

A cost-of-living dynamic price index, with an application to indexing retirement accounts

Reis, Ricardo - C.E.P.R. Discussion Papers - 2005

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI) that answers this question. Unlike the existing theory...

Persistent link: https://www.econbiz.de/10005504651

Harmonized Indexes of Consumer Prices: Their Conceptual Foundations

Diewert, W. Erwin - In: Swiss Journal of Economics and Statistics (SJES) 138 (2002) IV, pp. 547-637

The Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European Central Bank. Sections 2 to 4 of the paper look at the theory of inflation indexes that could be used as target indexes of inflation. A Consumer Price Index (CPI) emerges as...

Persistent link: https://www.econbiz.de/10005427511

Introduction to Price and Productivity Measurement for Housing

Balk, Bert M.; Diewert, Erwin; Nakamura, Alice O. - Vancouver School of Economics - 2009

This paper provides a brief introduction to a proposed new opportunity cost treatment of owner occupied housing in measures of inflation for the United States. In addition, the paper introduces, and provides links to, a collection of nine other papers that discuss various aspects of the...

Persistent link: https://www.econbiz.de/10004975602