IFS work has looked at how inflation rates varied across different households, using survey data on household expenditure … to calculate RPI-based measures of household-specific inflation. This paper analyses whether CPI-based measures give … the RPI would have changed our previous results on the difference in inflation rates across household groups had they been …

Statistical offices use the matched models method to compile consumer price indices (CPIs) to measure inflation. The … substantial underestimates of inflation. Hedonic indices use the whole sample. They are argued to be more useful to price … measurement in markets with a rapid turnover of models in order to avoid the demonstrated bias …

This book is a non-technical introduction to the history of - and current measurement practice of - inflation for the …Chapter 1. Introduction -- Chapter 2. What is Inflation? -- Chapter 3. The Origins of Inflation Measurement: 1700 … United Kingdom, with comparative international case studies. The authors describe the historical development of inflation …

The main results of the analysis are as follows. 1) After correcting for measurement error, wages appear to be very … wage change is positively correlated with the unemployment rate and with the consumer price inflation rate …

This paper shows that conventional measures of cost-of-living inflation, based on static models of consumption, suffer …

The debate over including asset prices in the construction of an inflation statistic has attracted renewed attention in … inflation at the retail level. In this paper, we take an alternative, longer-term perspective on the issue and argue that the … exclusion of asset prices introduces an 'excluded goods bias' in the computation of the inflation statistic that is of interest …