THE CONSUMER PRICE INDEX AND INDEX NUMBER PURPOSE

@article{Diewert2001THECP,
  title={THE CONSUMER PRICE INDEX AND INDEX NUMBER PURPOSE},
  author={W. Diewert},
  journal={Journal of economic and social measurement},
  year={2001},
  volume={27},
  pages={167-248}
}
  • W. Diewert
  • Published 2001
  • Economics
  • Journal of economic and social measurement
  • The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of prices for the same group of commodities; (2) as a consumption deflator; i.e., the price change component for a decomposition of a value ratio into price and quantity components and (3) as a measure of general inflation. The theoretical concepts suitable for the… CONTINUE READING
    88 Citations
    Harmonized Indexes of Consumer Prices: Their Conceptual Foundations
    • 125
    • PDF
    Chapter 2: The Economic Approach to Index Number Theory
    • 2
    • PDF
    Measuring Real Value and Inflation
    • 6
    • PDF
    A proposal for a new system of aggregation in the Swedish Consumer Price Index
    • 2000
    • 3
    • PDF
    The Consumer Price Index: Recent Developments
    • 1
    • PDF
    Pitfalls of using unit values as a price measure or price index
    • 26

    References

    SHOWING 1-10 OF 151 REFERENCES
    Group Cost-of-Living Indexes
    • 76
    • Highly Influential
    True Cost of Living Indexes
    • 21
    • Highly Influential
    • PDF
    On the Economic Theory of Price Indexes
    • 14
    Should the Cost-of-living Index Provide the Conceptual Framework for a Consumer Price Index?
    • 113
    • PDF
    The Economic Theory of Index Numbers
    • 223
    • Highly Influential
    The social cost of living index
    • 109
    • Highly Influential
    The Theory of the Cost-of-Living Index
    • 224
    Axiomatic and Economic Approaches to Elementary Price Indexes
    • 174
    • PDF
    Alternative Strategies for Aggregating Prices in the CPI
    • 139
    • PDF