Fox, Kevin J.; Syed, Iqbal A. - School of Economics, UNSW Business School - 2014
Consumer Price Index (CPI), with some agencies excluding sale prices completely. Evidence is lacking on how this may impact on … both the representativeness of prices included in the CPI and on estimates of in ation. We use high-frequency scanner data … under-weighted, but the under-weighting remains fairly stable over time so that in ation measurement is not significantly …