Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …