Different measures of inflation have their pros and cons. Changing the Monetary Policy Committee's inflation target to … an inflation measure that excludes housing costs and is not widely used by economic decision-makers may well be …

Inflation is usually measured using the Consumer Price Index (CPI) which is published by the National Statistical … that are centrally administered, it is not always possible to get a picture of the true trend of inflation from the CPI … considered as alternative measures of trend inflation. The indices considered are core inflation, i.e., CPI inflation excluding …

Official price indexes, such as the CPI, are imperfect indicators of inflation calculated using ad hoc price formulae … different from the theoretically well-founded inflation indexes favored by economists. This paper provides the first estimate of … how accurately the CPI informs us about “true” inflation. We use the largest price and quantity dataset ever employed in …

We propose a framework for consistently evaluating core inflation measures via a straightforward application of sound … statistical inference principles. Under this framework, inflation measures (both headline and core) are regarded as estimators … tracking the economy's true, unobserved inflation rate. We depart from the arbitrary convention in the literature of …

prices and quantities that national statistical institutes can use to produce more accurate, timely, measures of inflation … multilateral index number methods for computing month-to-month inflation. …