variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best … to that of the base period. It is shown that a wide range of index formulas can be interpreted in this way, including the …

The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the … Consumer Price Index (CPI). The author points out that the CPI has not usefully reflected the rapid run-up in housing prices in … recent years. He proposes a new official inflation indicator for monetary policy purposes that would better reflect the …

The COVID-19 crisis had a major impact on the measurement of inflation around the world, as price observation in shops … to ensure the continued compilation of the European harmonised index of consumer prices, which is the comparable measure … of inflation produced in all EU Member States and the key inflation target measure for European monetary policy. We …

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

policy) rely on accurate measures of price change. Unfortunately, the price index formulae that most price statisticians … consumer price index. …

Statistical offices try to match item models when measuring inflation between two periods. For product areas with a … approaches for alternative implementations of the Touml;rnqvist 'superlative' index. It shows why the results may differ and …

between the headline consumer price index (CPI) and the core CPI in the USA. Then we revealed similar behavior in the … evolving in sync since then. The difference between the core CPI and the index of energy has been suffering a transition period … since 2008 with extremely high fluctuations. The index of food has been growing relative to the core CPI and did not reach …

Since the British government started using the Consumer Prices Index (CPI) for some uprating purposes in 2011, there … empirical research.The main focus is on the CPI and the Retail Prices Index (RPI), since the other indices all derive from one … differences and within the limitations of how price data is collected within the UK, the RPI is as good a consumer price index as …

There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to … close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and … the usual indicator that excludes food and energy, which is the most widespread measure of core inflation among central …