Application of the Original Price Index Formula to Measuring the CPI's Commodity Substitution Bias

• Autorzy: Jacek Białek
• Języki publikacji: EN

Abstrakty

EN

This paper examines a possibility to apply the original price index formula to measuring the commodity substitution bias associated with the Consumer Price Index (CPI). Through simulation study the CPI bias values - calculated by using the original price index formula - is compared with those calculated on the basis of some known, superlative price indices. (original abstract)

Słowa kluczowe

PL

Indeks cen konsumpcyjnych; Indeks Laspeyresa; Indeks Fishera; Metody statystyczne

EN

Consumer price index (CPI); Laspeyres index; Fisher index; Statistical methods

• Czasopismo: Statistics in Transition
• Rocznik: 2014
• Tom: 15
• Numer: nr 1
• Strony: 83-96

Twórcy

autor

Jacek Białek

• University of Lodz, Poland

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