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

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

doi:10.1016/j.econlet.2016.02.022

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 journal › Article › Scientific › peer-review

2 Citations (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 language	English
Pages (from-to)	169-172
Journal	Economics Letters
Volume	141
DOIs	https://doi.org/10.1016/j.econlet.2016.02.022
Publication status	Published - 2016

Keywords

Elementary price indexes
Aggregation
Inflation

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10.1016/j.econlet.2016.02.022

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

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.",

keywords = "Elementary price indexes, Aggregation, Inflation",

author = "EW Diewert and K.J. Fox and {de Haan}, Jan",

year = "2016",

doi = "10.1016/j.econlet.2016.02.022",

language = "English",

volume = "141",

pages = "169--172",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

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T1 - A Newly Identified Source of Potential CPI Bias

T2 - Weekly versus Monthly Unit Value Price Indexes

AU - Diewert, EW

AU - Fox, K.J.

AU - de Haan, Jan

PY - 2016

Y1 - 2016

N2 - 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.

AB - 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.

KW - Elementary price indexes

KW - Aggregation

KW - Inflation

U2 - 10.1016/j.econlet.2016.02.022

DO - 10.1016/j.econlet.2016.02.022

M3 - Article

SN - 0165-1765

VL - 141

SP - 169

EP - 172

JO - Economics Letters

JF - Economics Letters

ER -

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

Abstract

Keywords

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