Improvements to the Food at Home , Shelter and Prescription Drug Indexes in the U . S . Consumer Price Index

@inproceedings{Armknecht1998ImprovementsTT,
  title={Improvements to the Food at Home , Shelter and Prescription Drug Indexes in the U . S . Consumer Price Index},
  author={Paul A. Armknecht and Brent R. Moulton and Kenneth J. Stewart},
  year={1998}
}
While the U.S. Consumer Price Index (CPI), as a Laspeyres-type index, attempts to measure the average change in the prices paid by urban consumers for a fixed market basket of goods and services, new samples for most item categories are routinely introduced over time to keep the CPI sample representative of consumer spending patterns. This paper will describe methodological changes being implemented in January 1995 to the food at home, shelter, and prescription drug components of the U.S… CONTINUE READING