1 edition of Consumer Price Index found in the catalog.

Consumer Price Index

a short description, 1971.

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Published by Administrator in For sale by the Supt. of Docs., U.S. G.P.O.

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    • For sale by the Supt. of Docs., U.S. G.P.O.


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        StatementFor sale by the Supt. of Docs., U.S. G.P.O.
        PublishersFor sale by the Supt. of Docs., U.S. G.P.O.
        Classifications
        LC Classifications1974
        The Physical Object
        Paginationxvi, 99 p. :
        Number of Pages63
        ID Numbers
        ISBN 10nodata
        Series
        1nodata
        2
        3

        nodata File Size: 2MB.


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The CPI measures items in food and beverages, housing, apparel, transportation, medical care, recreation, education, communication, and other personal goods and services such as tobacco and smoking products, haircuts, and funerals. Regional population data are sometimes used for this purpose, but need adjustment to allow for regional differences in living standards and consumption patterns. For example, the CPI-U for the years 2004 and 2005 uses expenditure weights drawn from the 2001—2002 Consumer Expenditure Surveys.

Consumer price index

However, it would not be reflected in CPI-U and CPI-W until January of the next even-numbered year. There is a large technical economics literature on which would approximate this and which can be shown to approximate what economic theorists call a true. Most elementary aggregate indices are necessarily 'unweighted' averages for the sample of products within the sampled outlets.

In the US the CPI is usually reported by the. Not relevant for the CPI series. To learn more about the basket update, consult. In the period 1901-1913 it was based on the Cost Consumer Price Index Living Index of Oslo, calculated by a local statistical office in Oslo.

Office of the Director

But in actuality the BLS set the index to an average for the period from 1982 through 1984 inclusive equal to 100, so there is no specific date when it was exactly 100.

If you check the chart below you will see it was somewhere between July and August of 1983. There have not been any calculations done to measure errors caused by non-representative weights. GDP which equals production minus intermediate consumption.