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Keywords:Consumer price indexes 

Journal Article
Statement to Congress, January 30, 1997 (CPI)

Federal Reserve Bulletin , Issue Mar , Pages 198-201

Report
Measuring economic activity and economic welfare: what are we missing?

Major U.S. economic data, most notably GDP and Industrial Production, are undergoing major changes. Proposals have been made for significant alterations in the CPI. The revision process has helped to spur debate on such topics as the proper method of accounting for high technology's role in the economy, the reported sluggishness of productivity growth in many service industries, and the overstatement of price increases for numerous products. This paper attempts to assess the potential impact of some of these problems on our understanding of basic trends in the economy. It is found that with ...
Research Paper , Paper 9732

Journal Article
Historical CPI inflation under current calculation methods

National Economic Trends , Issue Aug

Journal Article
The retail revolution and food-price mismeasurement

If a product sells for $3 this week at the local supermarket and $2 next week, what is the "real" price? What if that same product has a different price at a different store? Thanks to scanner technology, food prices differ a lot these days because they can be changed quickly and easily. How do our official statistics take these price movements into account? Not too well, according to Leonard Nakamura. In this article, he describes the retail revolution of recent years and how it has led to mismeasurement of food prices
Business Review , Issue May , Pages 3-14

Journal Article
Median price changes: an alternative approach to measuring current monetary inflation

An analysis concluding that inflation measures based on median price changes are a better indicator than measures based on mean price changes.
Economic Commentary , Issue Dec

Journal Article
A fitter, trimmer core inflation measure

Southwest Economy , Issue May , Pages 1, 4-9

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

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 illustrate how rounding and rebasing introduce distortions that affect variance properties, alter lag specification in autoregressive models, and "flip" results of unit root tests. To reduce distortions, the paper recommends using either original release data or the CPI rebased with 1967=100.
Research Working Paper , Paper 99-08

Journal Article
Does the CPI overstate increases in the cost of living?

Southwest Economy , Issue Sep , Pages 5-9

Working Paper
Disaggregate evidence on the persistence of consumer price inflation

This paper uses disaggregate inflation data spanning all of consumption to examine: (i) the persistence of disaggregate inflation relative to aggregate inflation; (ii) the distribution of persistence across consumption sectors; and (iii) whether persistence has changed. Assuming mean inflation to be unchanged within samples, the average persistence of disaggregate inflation is consistently below aggregate persistence. Taking into account an early 1990s shift in mean inflation identified by break tests?including tests applied to systems of disaggregate equations?yields much lower estimates of ...
Research Working Paper , Paper RWP 03-11

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Clark, Todd E. 6 items

Nakamura, Leonard I. 6 items

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Meyer, Brent 4 items

Crone, Theodore M. 3 items

Diewert, W. Erwin 3 items

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Consumer price indexes 102 items

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