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A Review of Reviews: Ninety Years of Professional Thinking About the Consumer Price Index

Marshall Reinsdorf and Jack E. Triplett (eds)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0002
Subject:
Economics and Finance, Econometrics

This chapter provides a detailed history of the evolution of the Consumer Price Index (CPI), and a comprehensive review of the various commissions formed to study it. It reveals the long-standing ... More


Measuring Inflation in Egypt: Assessment of the CPI Accuracy

Hanaa Kheir-El-Din

in What Drives Prices in Egypt?: An Analysis in Light of International Experience

Published in print:
2009
Published Online:
September 2011
ISBN:
9789774163036
eISBN:
9781617970344
Item type:
chapter
Publisher:
American University in Cairo Press
DOI:
10.5743/cairo/9789774163036.003.0003
Subject:
Political Science, Political Economy

The most widely used total or headline inflation measure is the Consumer Price Index (CPI). Inflation is often said to be “persistent increases in the general level of prices, or a persistent decline ... More


Consumers’ Shift to Debt

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0004
Subject:
Political Science, Public Policy

Debt of households has been rising rapidly since 1995. The debt to income ratio of the bottom 95 percent of the income distribution has risen well above 140 percent. The same measure for the top five ... More


Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues

Ernst R. Berndt, David M. Cutler, Richard G. Frank, Zvi Griliches, Joseph P. Newhouse, and Jack E. Triplett

in Medical Care Output and Productivity

Published in print:
2001
Published Online:
February 2013
ISBN:
9780226132266
eISBN:
9780226132303
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226132303.003.0005
Subject:
Economics and Finance, Econometrics

The measurement of the output of the medical care system is necessary to assess the productivity levels and growth of a country's economy and medical care system. Medical price indexes have uses ... More


Durables and Owner-Occupied Housing in a Consumer Price Index

W. Erwin Diewert (ed.)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0013
Subject:
Economics and Finance, Econometrics

This chapter provides a detailed review of alternative treatments of homeownership in a Consumer Price Index, discussing the advantages and disadvantages of several approaches to measuring homeowner ... More


Apparel Prices 1914–1993 and the Hulten/Bruegel Paradox

Robert J. Gordon (ed.)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0003
Subject:
Economics and Finance, Econometrics

This chapter describes the comparison of hedonic and matched-model (MM) indexes for apparel prices in the United States using Sears catalogue data over the period 1914–1993, and compares the ... More


Incorporating Financial Services in A Consumer Price Index

Dennis Fixler (ed.)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0007
Subject:
Economics and Finance, Econometrics

This chapter describes a case for including the transactions costs in a Consumer Price Index, and a user cost model for the treatment of financial services, in which the prices of loan and deposit ... More


Treatment Price Indexes for Acute Phase Major Depression

Ernst R. Berndt, Susan H. Busch, and Richard G. Frank

in Medical Care Output and Productivity

Published in print:
2001
Published Online:
February 2013
ISBN:
9780226132266
eISBN:
9780226132303
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226132303.003.0013
Subject:
Economics and Finance, Econometrics

Much has been written in the last decade on broad trends in medical care spending in the United States. Although the most recent evidence is somewhat ambiguous, the apparent slowdown in the rate of ... More


Can A Disease-Based Price Index Improve the Estimation of the Medical Consumer Price Index?

Xue Song, William D. Marder, Robert Houchens, Jonathan E. Conklin, and Ralph Bradley (eds)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0009
Subject:
Economics and Finance, Econometrics

This chapter discusses some of the issues involved in implementing the approach of the pricing of medical services. The inclusion of medical care in the chapter highlights the issue of what prices ... More


Constructing a PCE-Weighted Consumer Price Index

Caitlin Blair

in Improving the Measurement of Consumer Expenditures

Published in print:
2015
Published Online:
January 2016
ISBN:
9780226126654
eISBN:
9780226194714
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226194714.003.0003
Subject:
Economics and Finance, Microeconomics

This study investigates the effects of simulating the Consumer Price Index (CPI) with alternately sourced weights on the inflation experience for an average US consumer. The Bureau of Labor ... More


Scanner Data and Price Indexes

Robert C. Feenstra and Matthew D. Shapiro (eds)

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226239651
eISBN:
9780226239668
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226239668.001.0001
Subject:
Economics and Finance, Econometrics

Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These “scanner data” offer a number of attractive features for economists and ... More


Introduction What are the Issues?

W. Erwin Diewert, John Greenlees, and Charles Hulten (eds)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0001
Subject:
Economics and Finance, Econometrics

The role of the methodological foundation for a Consumer Price Index (CPI) has been examined and advocated in two previous reviews of the CPI: the 1961 Stigler Report2 and the 1996 Boskin Report. The ... More


Medical Care in the Consumer Price Index

Ina Kay Ford and Daniel H. Ginsburg

in Medical Care Output and Productivity

Published in print:
2001
Published Online:
February 2013
ISBN:
9780226132266
eISBN:
9780226132303
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226132303.003.0006
Subject:
Economics and Finance, Econometrics

The medical care component of the Consumer Price Index (CPI) is evolving into a more comprehensive measure of household medical expense price movement in the economy. The personal consumption ... More


CPI Bias from Supercenters: Does the BLS Know That Wal-Mart Exists?

Jerry Hausman and Ephraim Leibtag (eds)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0006
Subject:
Economics and Finance, Econometrics

This chapter focuses on the fact that the Consumer Price Index (CPI) does not compare the prices charged for the same items at different outlets. It describes how the Bureau of Labor Statistics ... More


Price Index Concepts and Measurement

W. Diewert, John Greenlees, and Charles R. Hulten (eds)

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.001.0001
Subject:
Economics and Finance, Econometrics

The report of the National Research Council Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes (COLI) addresses all the fundamental issues in consumer ... More


Estimating Price Movements for Consumer Durables Using Electronic Retail Transactions Data

Robin Lowe and Candace Ruscher

in Scanner Data and Price Indexes

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226239651
eISBN:
9780226239668
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226239668.003.0005
Subject:
Economics and Finance, Econometrics

This chapter compares the existing treatment for quality adjustment and sample maintenance for televisions in the Canadian Consumer Price Index (CPI) with what might be feasible using scanner data. ... More


Consumption of Own Production and Cost-of-Living Indexes

T. Peter Hill (ed.)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0012
Subject:
Economics and Finance, Econometrics

This chapter discusses one of the aspects of the Consumer Price Index (CPI) scope problem: the implications of expanding coverage of the CPI to include nonmarket household production. The author ... More


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