Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...

Our paper uses micro price data collected from Germany’s Consumer Price Index to compile a highly disaggregated regional price index for the 402 counties and cities of Germany. We introduce a multi-stage version of the weighted Country-Product- Dummy method. The unique quality of our price...

Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...

Prices collection for consumer price indices (CPI) compilation has come a long way in the past 20 years. While ideally, the index should include expenditure made by all households, urban and rural, throughout the country, usually CPIs in various countries had limited geographic coverage both for...

This study is aimed to explore regional price convergence across 82 cities in Indonesia. Extending previous study, we implement convergence club analysis by using disaggregated data on CPI. We apply recent convergence frameworks and clustering technique developed by Phillips and Sul (2007, 2009)...

Inflation is currently low and falling in the OECD area. A side effect of these facts is that they made harder the task of price index compilers. First of all, researchers and analysts are moving their attention from aggregate price dynamics to price differentials (among products, markets,...

Quality adjustment of price indexes affects the analysis of many sensitive economic issues, such as real growth, productivity, international competitiveness, real wages, per-capita consumption and poverty, other than inflation. Hedonic methods are often recommended and increasingly used in the...

The paper presents a method to classify the dynamic patterns of the whole set of sub-indices that make up the harmonised index of consumer prices (HICP) and to assess the comparability of the national series referred to a same elementary aggregate of the target consumption expenditure. We...

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI) that answers this question. Unlike the existing theory...

Hedonic methods are currently considered state-of-the-art for handling quality changes when compiling consumer price indices. The present article proposes first a mathematical description of characteristics and of elementary aggregates. In a following step, a hedonic econometric model is...