research on related issues. Based on recent research, the author suggest that the bias estimate for 1995-96 should have been 1 ….2 to 1.3 percentage points, not 1.1 points. He estimates that the upward bias in the CPI has declined from the revised 1 …. Allowing for these, he concludes that the current upward bias in the US CPI is at least 1.0 percentage points per year. …

upward CPI bias, and discusses how these results eventually lead to the appointment of the Boskin Commission in 1995. He also … corresponding to the categories of bias identified by the Commission: upper and lower level substitution bias, quality change and … new products,and outlet bias. These changes included the introduction of a chained CPI (CCPI-U), the introduction of more …

its widely cited 1.1 percentage points CPI bias figure. The author also argues that the Commission ignored the possibility … that quality improvements could actually produce a net downward bias to CPI components because the implicit quality …

The author supports the type of the back-of-the-envelope calculations of CPI bias that the Commission used so …