The prescription drug component of the Consumer Price Index (CPI measures recent and past drug price changes, and …

indices. Since the matched model index does not incorporate price changes for goods which exit, and the goods that exited tend … to be those goods whose prices fall, the matched model index has a selection problem which biases it upwards. The hedonic … index does not have this problem. We illustrate with a new study of price indices for PC's. The hedonic index shows steep …

No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget …" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for … constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the …

, and uses the data on individual commodities to generate the optimum weights in a commodity price index for forecasting G-7 … changes in commodity prices to lead those in consumer prices, at least when the data are denominated in a broad index of major … aggregate (multi-country) consumer price index, the results may not be sufficiently stable to improve post-sample forecasts …

first, a Service Price Index, prices specific medical services, as does the current CPI. The second, a Cost of Living Index …. Because of technological change and increasing price discounts, the current CPI overstates a chain-weighted price index by … three percentage points annually. For plausible values of an additional life-year, the real Cost of Living Index fell about …

probability sampling of prices in 1978, the micro price quotations were aggregated together using an index number formula that … choice of an index number formula to aggregate prices at the finest level of disaggregation. This issue is examined from both …

Price Index (CPI) is of minor importance compared with the bias introduced by new products, changes in the quality of …

A number of analysts have claimed recently that the consumer price index overstates the annual increase in the cost of … living. This paper develops a framework for studying measurement problems in the consumer price index and systematically … show how better to measure medical care prices, the paper presents a prototypical price index for cataract surgery. This …