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“Bought on Behalf” vs. “Purchased by”: What Counts for Inflation?


Abstract: Goods and services bought on behalf of consumers, such as health care, are weighted differently in the consumer price index and the personal consumption expenditures price index.

Keywords: inflation; Consumer Price Index (CPI); Personal Consumption Expenditures Price Index (PCEPI);

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2024-08-27