Inflation measurement

David E. Lebow and Jeremy B. Rudd
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David E. Lebow: https://www.federalreserve.gov/econres/david-e-lebow.htm
Jeremy B. Rudd: https://www.federalreserve.gov/econres/jeremy-rudd.htm

No 2006-43, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Inflation measurement is the process through which changes in the prices of individual goods and services are combined to yield a measure of general price change. This paper discusses the conceptual framework for thinking about inflation measurement and considers practical issues associated with determining an inflation measure's scope; with measuring individual prices; and with combining these individual prices into a measure of aggregate inflation. We also discuss the concept of \"core inflation,\" and summarize the implications of inflation measurement for economic theory and policy.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfe:2006-43

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