A Newly Identified Source of Potential CPI Bias: Weekly versus Monthly Unit Value Price Indexes

EW Diewert, K.J. Fox, Jan de Haan

    Research output: Contribution to journalArticleScientificpeer-review

    1 Citation (Scopus)

    Abstract

    We find that unit value prices used for constructing the CPI should be for the same period as the index to be constructed, rather than for a sub-period. The latter approach can lead to an upward bias in the CPI.
    Original languageEnglish
    Pages (from-to)169-172
    JournalEconomics Letters
    Volume141
    DOIs
    Publication statusPublished - 2016

    Keywords

    • Elementary price indexes
    • Aggregation
    • Inflation

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